PNC Financial Services Group Inc. Has $3.03 Million Holdings in VanEck Gold Miners ETF $GDX

PNC Financial Services Group Inc. cut its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 18.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,044 shares of the exchange traded fund’s stock after selling 7,414 shares during the period. PNC Financial Services Group Inc.’s holdings in VanEck Gold Miners ETF were worth $3,032,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Avalon Trust Co bought a new position in shares of VanEck Gold Miners ETF during the 1st quarter valued at about $26,000. Eukles Asset Management bought a new stake in VanEck Gold Miners ETF during the 4th quarter worth approximately $27,000. Bayban bought a new stake in VanEck Gold Miners ETF during the 4th quarter worth approximately $27,000. Princeton Global Asset Management LLC acquired a new stake in VanEck Gold Miners ETF during the 1st quarter worth approximately $27,000. Finally, Evolution Wealth Management Inc. acquired a new stake in VanEck Gold Miners ETF during the 1st quarter worth approximately $33,000.

VanEck Gold Miners ETF Stock Performance

Shares of GDX opened at $74.21 on Wednesday. The firm’s 50 day moving average price is $79.26 and its two-hundred day moving average price is $90.98. VanEck Gold Miners ETF has a twelve month low of $51.37 and a twelve month high of $117.18. The firm has a market cap of $22.70 billion, a P/E 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.