Crescent Grove Advisors LLC Lowers Stake in VanEck Gold Miners ETF $GDX

Crescent Grove Advisors LLC lessened its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 48.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 25,711 shares of the exchange traded fund’s stock after selling 23,912 shares during the period. Crescent Grove Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $2,359,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Morgan Stanley boosted its position in 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 grew its stake in 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 worth $604,987,000 after acquiring an additional 534,856 shares during the period. Caisse de depot et placement du Quebec acquired a new position in VanEck Gold Miners ETF in the 4th quarter valued at $218,971,000. M&T Bank Corp raised its holdings 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 valued at $173,721,000 after acquiring an additional 1,998,748 shares during the last quarter. Finally, Meitav Investment House Ltd. raised its holdings 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 acquiring an additional 493,000 shares during the last quarter.

VanEck Gold Miners ETF Stock Down 0.1%

Shares of VanEck Gold Miners ETF stock opened at $71.32 on Friday. VanEck Gold Miners ETF has a fifty-two week low of $51.12 and a fifty-two week high of $117.18. The business’s fifty day moving average is $81.69 and its two-hundred day moving average is $91.60. The firm has a market cap of $21.78 billion, a PE ratio of 21.70 and a beta of 0.65.

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.