White Pine Investment CO acquired a new position in VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 258,693 shares of the exchange traded fund’s stock, valued at approximately $5,771,000. VanEck Vectors Gold Miners ETF makes up about 3.0% of White Pine Investment CO’s holdings, making the stock its 6th largest holding. White Pine Investment CO owned about 0.08% of VanEck Vectors Gold Miners ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Hsbc Holdings PLC increased its position in shares of VanEck Vectors Gold Miners ETF by 122.9% during the first quarter. Hsbc Holdings PLC now owns 4,856,835 shares of the exchange traded fund’s stock worth $106,753,000 after purchasing an additional 2,678,286 shares in the last quarter. Elephas Investment Management Ltd increased its position in shares of VanEck Vectors Gold Miners ETF by 68.8% during the first quarter. Elephas Investment Management Ltd now owns 5,637,700 shares of the exchange traded fund’s stock worth $123,917,000 after purchasing an additional 2,297,700 shares in the last quarter. Natixis increased its position in shares of VanEck Vectors Gold Miners ETF by 379.7% during the first quarter. Natixis now owns 1,807,238 shares of the exchange traded fund’s stock worth $39,723,000 after purchasing an additional 1,430,523 shares in the last quarter. Pelorus Jack Capital L.P. acquired a new position in shares of VanEck Vectors Gold Miners ETF during the first quarter worth $14,966,000. Finally, MD Financial Management Inc. increased its position in shares of VanEck Vectors Gold Miners ETF by 24.4% during the first quarter. MD Financial Management Inc. now owns 2,708,905 shares of the exchange traded fund’s stock worth $59,542,000 after purchasing an additional 531,696 shares in the last quarter.

Shares of VanEck Vectors Gold Miners ETF opened at $20.56 on Friday, Marketbeat.com reports. VanEck Vectors Gold Miners ETF has a 12-month low of $20.51 and a 12-month high of $25.58.

VanEck Vectors 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.

Further Reading: Understanding Stock Ratings

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

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