Freemont Management S.A. lessened its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 18.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 90,000 shares of the exchange traded fund’s stock after selling 20,000 shares during the period. Freemont Management S.A.’s holdings in VanEck Gold Miners ETF were worth $4,685,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Ethos Financial Group LLC bought a new stake in shares of VanEck Gold Miners ETF during the 2nd quarter valued at about $309,000. American National Bank & Trust bought a new position in shares of VanEck Gold Miners ETF in the 2nd quarter worth approximately $68,000. Integrity Alliance LLC. purchased a new position in shares of VanEck Gold Miners ETF in the first quarter worth approximately $254,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in VanEck Gold Miners ETF during the second quarter valued at approximately $227,000. Finally, Banque Pictet & Cie SA grew its position in VanEck Gold Miners ETF by 1.5% during the second quarter. Banque Pictet & Cie SA now owns 66,000 shares of the exchange traded fund’s stock valued at $3,436,000 after buying an additional 1,000 shares during the period.
VanEck Gold Miners ETF Trading Up 2.5%
GDX opened at $72.55 on Friday. The firm’s 50 day simple moving average is $72.79 and its two-hundred day simple moving average is $59.69. The company has a market capitalization of $21.79 billion, a PE ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 1-year low of $33.42 and a 1-year high of $85.08.
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.
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Want to see what other hedge funds are holding GDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report).
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