PNC Financial Services Group Inc. Sells 7,414 Shares of VanEck Gold Miners ETF $GDX

PNC Financial Services Group Inc. reduced its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 18.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 33,044 shares of the exchange traded fund’s stock after selling 7,414 shares during the quarter. PNC Financial Services Group Inc.’s holdings in VanEck Gold Miners ETF were worth $3,032,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Avalon Trust Co bought a new stake in VanEck Gold Miners ETF in the 1st quarter valued at approximately $26,000. Princeton Global Asset Management LLC acquired a new position in VanEck Gold Miners ETF during the 1st quarter worth approximately $27,000. Eukles Asset Management bought a new position in shares of VanEck Gold Miners ETF during the 4th quarter worth approximately $27,000. Bayban bought a new position in shares of VanEck Gold Miners ETF during the 4th quarter worth approximately $27,000. Finally, Evolution Wealth Management Inc. acquired a new stake in shares of VanEck Gold Miners ETF in the first quarter valued at approximately $33,000.

VanEck Gold Miners ETF Stock Down 2.0%

NYSEARCA GDX opened at $74.21 on Wednesday. The firm’s 50 day moving average is $79.26 and its 200-day moving average is $90.98. The company has a market capitalization of $22.70 billion, a PE ratio of 21.70 and a beta of 0.65. VanEck Gold Miners ETF has a 12-month low of $51.37 and a 12-month high of $117.18.

About VanEck Gold Miners ETF

The Fund seeks to match as closely as possible the price and yield performance of the AMEX Gold Miners Index. The Fund, utilizing a passive or indexing investment approach, attempts to approximate the investment performance of the Index by investing in a portfolio of stocks that generally replicate the Index.