VanEck Gold Miners ETF $GDX Shares Sold by Welch & Forbes LLC

Welch & Forbes LLC lessened its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 8.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 154,872 shares of the exchange traded fund’s stock after selling 14,532 shares during the quarter. Welch & Forbes LLC’s holdings in VanEck Gold Miners ETF were worth $13,598,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its stake in shares of VanEck Gold Miners ETF by 11.5% in the first quarter. Bank of America Corp DE now owns 8,345,307 shares of the exchange traded fund’s stock worth $765,849,000 after acquiring an additional 858,716 shares during the last quarter. Bank of Nova Scotia lifted its position in shares of VanEck Gold Miners ETF by 282.0% during the first quarter. Bank of Nova Scotia now owns 2,692,956 shares of the exchange traded fund’s stock worth $247,133,000 after purchasing an additional 1,987,920 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of VanEck Gold Miners ETF during the first quarter valued at approximately $84,873,000. IMC Chicago LLC grew its stake in shares of VanEck Gold Miners ETF by 1,264.4% during the first quarter. IMC Chicago LLC now owns 697,975 shares of the exchange traded fund’s stock valued at $64,053,000 after purchasing an additional 646,817 shares during the last quarter. Finally, New Harbor Financial Group LLC bought a new stake in shares of VanEck Gold Miners ETF during the third quarter valued at approximately $51,432,000.

VanEck Gold Miners ETF Price Performance

Shares of VanEck Gold Miners ETF stock opened at $91.46 on Tuesday. The firm has a market cap of $28.20 billion, a P/E ratio of 21.70 and a beta of 0.70. The firm has a 50 day simple moving average of $89.41 and a 200 day simple moving average of $90.29. VanEck Gold Miners ETF has a fifty-two week low of $69.74 and a fifty-two week high of $117.18.

VanEck Gold Miners ETF Company Profile

The Fund seeks to match as closely as possible the price and yield performance of the MarketVector Global 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.