VanEck Gold Miners ETF $GDX Shares Sold by Sterling Investment Advisors Ltd.

Sterling Investment Advisors Ltd. trimmed its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 9.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,338 shares of the exchange traded fund’s stock after selling 13,550 shares during the quarter. VanEck Gold Miners ETF accounts for about 2.1% of Sterling Investment Advisors Ltd.’s portfolio, making the stock its 9th largest position. Sterling Investment Advisors Ltd.’s holdings in VanEck Gold Miners ETF were worth $12,512,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Morgan Stanley grew its stake in shares of VanEck Gold Miners ETF by 0.7% during the fourth quarter. Morgan Stanley now owns 12,876,546 shares of the exchange traded fund’s stock worth $1,104,421,000 after acquiring an additional 90,514 shares during the last quarter. Rafferty Asset Management LLC raised its position in shares of VanEck Gold Miners ETF by 8.2% in the 4th quarter. Rafferty Asset Management LLC now owns 7,053,592 shares of the exchange traded fund’s stock valued at $604,987,000 after purchasing an additional 534,856 shares during the last quarter. Caisse de depot et placement du Quebec acquired a new stake in VanEck Gold Miners ETF in the 4th quarter worth approximately $218,971,000. M&T Bank Corp boosted its stake in VanEck Gold Miners ETF by 7,491.6% in the 4th quarter. M&T Bank Corp now owns 2,025,428 shares of the exchange traded fund’s stock worth $173,721,000 after purchasing an additional 1,998,748 shares in the last quarter. Finally, Meitav Investment House Ltd. grew its position in VanEck Gold Miners ETF by 68.6% during the 1st quarter. Meitav Investment House Ltd. now owns 1,211,200 shares of the exchange traded fund’s stock worth $111,152,000 after purchasing an additional 493,000 shares during the last quarter.

VanEck Gold Miners ETF Trading Up 2.1%

Shares of VanEck Gold Miners ETF stock opened at $74.88 on Wednesday. VanEck Gold Miners ETF has a 12-month low of $50.44 and a 12-month high of $117.18. The firm has a market capitalization of $22.86 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65. The firm’s 50 day simple moving average is $82.93 and its two-hundred day simple moving average is $91.99.

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.