United Services Automobile Association reduced its position in shares of VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) by 61.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,158,100 shares of the exchange traded fund’s stock after selling 1,854,930 shares during the period. United Services Automobile Association owned 0.25% of VanEck Vectors Gold Miners ETF worth $21,448,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Rafferty Asset Management LLC boosted its stake in shares of VanEck Vectors Gold Miners ETF by 19.0% during the 3rd quarter. Rafferty Asset Management LLC now owns 29,735,058 shares of the exchange traded fund’s stock worth $550,693,000 after purchasing an additional 4,739,623 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of VanEck Vectors Gold Miners ETF in the third quarter worth approximately $429,664,000. Morgan Stanley boosted its position in shares of VanEck Vectors Gold Miners ETF by 1.4% in the second quarter. Morgan Stanley now owns 13,832,316 shares of the exchange traded fund’s stock worth $308,600,000 after acquiring an additional 188,521 shares during the last quarter. Hexavest Inc. boosted its position in shares of VanEck Vectors Gold Miners ETF by 20.2% in the third quarter. Hexavest Inc. now owns 9,245,293 shares of the exchange traded fund’s stock worth $171,223,000 after acquiring an additional 1,551,328 shares during the last quarter. Finally, MD Financial Management Inc. boosted its position in shares of VanEck Vectors Gold Miners ETF by 19.6% in the third quarter. MD Financial Management Inc. now owns 3,500,425 shares of the exchange traded fund’s stock worth $64,828,000 after acquiring an additional 574,508 shares during the last quarter.

GDX opened at $19.60 on Wednesday. VanEck Vectors Gold Miners ETF has a 1 year low of $17.28 and a 1 year high of $24.86.

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About VanEck Vectors 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.

Further Reading: Average Daily Trade Volume Explained

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Institutional Ownership by Quarter for VanEck Vectors Gold Miners ETF (NYSEARCA:GDX)

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