Nomura Asset Management Co. Ltd. Lowers Stock Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Nomura Asset Management Co. Ltd. reduced its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 52.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,000 shares of the exchange traded fund’s stock after selling 23,835 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in VanEck Gold Miners ETF were worth $746,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Eastern Bank purchased a new stake in VanEck Gold Miners ETF in the fourth quarter worth approximately $25,000. Financial Connections Group Inc. bought a new position in shares of VanEck Gold Miners ETF during the 4th quarter valued at $25,000. Roxbury Financial LLC purchased a new position in VanEck Gold Miners ETF in the 4th quarter worth $25,000. Rothschild Investment LLC lifted its stake in VanEck Gold Miners ETF by 100.0% in the fourth quarter. Rothschild Investment LLC now owns 1,000 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 500 shares during the last quarter. Finally, Millstone Evans Group LLC purchased a new stake in VanEck Gold Miners ETF during the fourth quarter valued at about $34,000.

VanEck Gold Miners ETF Trading Down 0.1 %

Shares of NYSEARCA:GDX opened at $45.76 on Thursday. The stock has a market capitalization of $14.84 billion, a P/E ratio of 21.51 and a beta of 0.84. The stock’s 50-day moving average price is $41.80 and its 200-day moving average price is $39.41. VanEck Gold Miners ETF has a 12-month low of $32.20 and a 12-month high of $46.94.

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.