Montis Financial LLC Cuts Stake in VanEck Gold Miners ETF (NYSEARCA:GDX)

Montis Financial LLC cut its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 8.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,600 shares of the exchange traded fund’s stock after selling 3,500 shares during the quarter. VanEck Gold Miners ETF comprises approximately 0.6% of Montis Financial LLC’s portfolio, making the stock its 25th biggest position. Montis Financial LLC’s holdings in VanEck Gold Miners ETF were worth $1,276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Beacon Capital Management LLC boosted its stake in VanEck Gold Miners ETF by 202.4% during the 2nd quarter. Beacon Capital Management LLC now owns 747 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 500 shares during the last quarter. Atwood & Palmer Inc. bought a new stake in VanEck Gold Miners ETF in the 1st quarter worth about $27,000. LRI Investments LLC purchased a new position in VanEck Gold Miners ETF in the 1st quarter worth about $28,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of VanEck Gold Miners ETF during the 4th quarter valued at about $32,000. Finally, Eagle Bay Advisors LLC grew its stake in shares of VanEck Gold Miners ETF by 95.8% in the second quarter. Eagle Bay Advisors LLC now owns 1,175 shares of the exchange traded fund’s stock worth $40,000 after acquiring an additional 575 shares during the period.

VanEck Gold Miners ETF Stock Up 0.4 %

GDX opened at $37.38 on Thursday. The stock has a market capitalization of $14.94 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. The firm has a 50 day moving average price of $37.42 and a 200-day moving average price of $34.49. VanEck Gold Miners ETF has a twelve month low of $25.62 and a twelve month high of $39.97.

VanEck Gold Miners ETF Company Profile

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.