Pettinga Financial Advisors LLC Sells 325 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Pettinga Financial Advisors LLC lessened its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 0.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,647 shares of the exchange traded fund’s stock after selling 325 shares during the period. Pettinga Financial Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $1,515,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Jane Street Group LLC increased its position in VanEck Gold Miners ETF by 649.7% during the 1st quarter. Jane Street Group LLC now owns 16,209,056 shares of the exchange traded fund’s stock valued at $512,530,000 after purchasing an additional 14,046,913 shares during the period. Rafferty Asset Management LLC raised its stake in VanEck Gold Miners ETF by 1.9% in the fourth quarter. Rafferty Asset Management LLC now owns 8,260,268 shares of the exchange traded fund’s stock worth $256,151,000 after buying an additional 152,114 shares in the last quarter. Alaska Permanent Fund Corp raised its stake in VanEck Gold Miners ETF by 132.1% in the first quarter. Alaska Permanent Fund Corp now owns 3,940,340 shares of the exchange traded fund’s stock worth $124,594,000 after buying an additional 2,242,823 shares in the last quarter. Capitolis Liquid Global Markets LLC purchased a new stake in VanEck Gold Miners ETF during the first quarter worth $104,346,000. Finally, 1832 Asset Management L.P. boosted its position in VanEck Gold Miners ETF by 6.4% during the 1st quarter. 1832 Asset Management L.P. now owns 3,020,715 shares of the exchange traded fund’s stock valued at $95,515,000 after acquiring an additional 181,475 shares in the last quarter.

VanEck Gold Miners ETF Trading Up 1.4 %

Shares of GDX traded up $0.56 during trading hours on Friday, hitting $39.34. The company had a trading volume of 15,858,634 shares, compared to its average volume of 23,173,885. The company has a market capitalization of $15.73 billion, a PE ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a one year low of $25.62 and a one year high of $39.97. The company’s fifty day moving average price is $36.42 and its two-hundred day moving average price is $33.48.

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.