VanEck Gold Miners ETF $GDX Shares Sold by Staley Capital Advisers Inc.

Staley Capital Advisers Inc. reduced its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 12.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 522,924 shares of the exchange traded fund’s stock after selling 73,542 shares during the quarter. VanEck Gold Miners ETF makes up 2.0% of Staley Capital Advisers Inc.’s investment portfolio, making the stock its 17th largest position. Staley Capital Advisers Inc. owned approximately 0.17% of VanEck Gold Miners ETF worth $47,989,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Richmond Investment Services LLC grew its position in shares of VanEck Gold Miners ETF by 1.5% in the first quarter. Richmond Investment Services LLC now owns 255,066 shares of the exchange traded fund’s stock valued at $23,408,000 after purchasing an additional 3,738 shares during the last quarter. Meitav Investment House Ltd. lifted its stake in VanEck Gold Miners ETF by 68.6% in the 1st quarter. Meitav Investment House Ltd. now owns 1,211,200 shares of the exchange traded fund’s stock valued at $111,152,000 after buying an additional 493,000 shares in the last quarter. Arbor Investment Advisors LLC purchased a new stake in VanEck Gold Miners ETF in the 1st quarter valued at approximately $469,000. Meridian Investment Counsel Inc. grew its holdings in VanEck Gold Miners ETF by 7.7% during the 1st quarter. Meridian Investment Counsel Inc. now owns 13,942 shares of the exchange traded fund’s stock valued at $1,279,000 after buying an additional 1,002 shares during the last quarter. Finally, Whittier Trust Co. grew its holdings in VanEck Gold Miners ETF by 48.6% during the 1st quarter. Whittier Trust Co. now owns 11,106 shares of the exchange traded fund’s stock valued at $1,042,000 after buying an additional 3,630 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

VanEck Gold Miners ETF stock opened at $73.53 on Thursday. VanEck Gold Miners ETF has a fifty-two week low of $50.44 and a fifty-two week high of $117.18. The company has a market capitalization of $22.28 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65. The stock has a fifty day moving average of $83.92 and a two-hundred day moving average of $92.40.

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.