Park Edge Advisors LLC Reduces Holdings in VanEck Gold Miners ETF $GDX

Park Edge Advisors LLC lowered its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 78.2% during the first quarter, Holdings Channel reports. The firm owned 8,483 shares of the exchange traded fund’s stock after selling 30,443 shares during the quarter. Park Edge Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $778,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in GDX. Blue Trust Inc. grew its stake in VanEck Gold Miners ETF by 6.1% during the 1st quarter. Blue Trust Inc. now owns 11,845 shares of the exchange traded fund’s stock worth $1,087,000 after buying an additional 678 shares during the last quarter. Banque Cantonale Vaudoise increased its position in VanEck Gold Miners ETF by 429.4% during the first quarter. Banque Cantonale Vaudoise now owns 35,663 shares of the exchange traded fund’s stock worth $3,273,000 after buying an additional 28,927 shares during the period. Apella Capital LLC lifted its stake in VanEck Gold Miners ETF by 38.8% in the first quarter. Apella Capital LLC now owns 6,832 shares of the exchange traded fund’s stock valued at $685,000 after buying an additional 1,910 shares during the last quarter. Surience Private Wealth LLC purchased a new stake in VanEck Gold Miners ETF in the first quarter valued at approximately $305,000. Finally, CENTRAL TRUST Co boosted its holdings in shares of VanEck Gold Miners ETF by 5.2% in the first quarter. CENTRAL TRUST Co now owns 21,283 shares of the exchange traded fund’s stock valued at $1,953,000 after acquiring an additional 1,050 shares during the period.

VanEck Gold Miners ETF Trading Down 4.0%

GDX stock opened at $74.59 on Thursday. The company has a market capitalization of $22.98 billion, a P/E ratio of 21.70 and a beta of 0.60. The business has a 50 day simple moving average of $87.89 and a 200-day simple moving average of $92.93. VanEck Gold Miners ETF has a twelve month low of $50.32 and a twelve month high of $117.18.

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.