Cwm LLC Lowers Holdings in VanEck Gold Miners ETF $GDX

Cwm LLC decreased its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 1.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,677 shares of the exchange traded fund’s stock after selling 825 shares during the quarter. Cwm LLC’s holdings in VanEck Gold Miners ETF were worth $2,170,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Hoey Investments Inc. boosted its stake in shares of VanEck Gold Miners ETF by 71.0% in the second quarter. Hoey Investments Inc. now owns 513 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 213 shares during the last quarter. LaSalle St. Investment Advisors LLC raised its holdings in VanEck Gold Miners ETF by 0.5% in the 1st quarter. LaSalle St. Investment Advisors LLC now owns 43,374 shares of the exchange traded fund’s stock worth $1,993,000 after purchasing an additional 219 shares during the period. CreativeOne Wealth LLC raised its holdings in VanEck Gold Miners ETF by 2.0% in the 1st quarter. CreativeOne Wealth LLC now owns 11,428 shares of the exchange traded fund’s stock worth $525,000 after purchasing an additional 225 shares during the period. Apella Capital LLC raised its holdings in VanEck Gold Miners ETF by 3.7% in the 2nd quarter. Apella Capital LLC now owns 6,648 shares of the exchange traded fund’s stock worth $353,000 after purchasing an additional 235 shares during the period. Finally, ORG Partners LLC raised its holdings in VanEck Gold Miners ETF by 32.9% in the 1st quarter. ORG Partners LLC now owns 1,010 shares of the exchange traded fund’s stock worth $46,000 after purchasing an additional 250 shares during the period.

VanEck Gold Miners ETF Trading Down 6.8%

NYSEARCA GDX opened at $78.73 on Friday. The stock has a market capitalization of $23.12 billion, a price-to-earnings ratio of 21.70 and a beta of 0.77. VanEck Gold Miners ETF has a twelve month low of $33.42 and a twelve month high of $85.08. The stock has a 50-day moving average of $68.93 and a 200 day moving average of $57.06.

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.