Panview Capital Ltd Sells 8,000 Shares of VanEck Gold Miners ETF $GDX

Panview Capital Ltd cut its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 1.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 768,300 shares of the exchange traded fund’s stock after selling 8,000 shares during the period. VanEck Gold Miners ETF makes up approximately 12.7% of Panview Capital Ltd’s investment portfolio, making the stock its 3rd biggest holding. Panview Capital Ltd’s holdings in VanEck Gold Miners ETF were worth $39,998,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hurley Capital LLC purchased a new position in shares of VanEck Gold Miners ETF during the first quarter valued at approximately $26,000. Hoey Investments Inc. lifted its stake in VanEck Gold Miners ETF by 71.0% during the 2nd quarter. Hoey Investments Inc. now owns 513 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 213 shares in the last quarter. Creekmur Asset Management LLC lifted its stake in VanEck Gold Miners ETF by 147.2% during the 2nd quarter. Creekmur Asset Management LLC now owns 608 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 362 shares in the last quarter. RMG Wealth Management LLC purchased a new position in VanEck Gold Miners ETF during the 2nd quarter worth $34,000. Finally, First Command Advisory Services Inc. bought a new stake in shares of VanEck Gold Miners ETF in the 2nd quarter worth $35,000.

VanEck Gold Miners ETF Price Performance

GDX opened at $72.55 on Friday. The company’s 50-day moving average is $72.79 and its 200 day moving average is $59.69. VanEck Gold Miners ETF has a fifty-two week low of $33.42 and a fifty-two week high of $85.08. The firm has a market capitalization of $21.79 billion, a P/E ratio of 21.70 and a beta of 0.55.

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.