Williams & Novak LLC Decreases Stake in VanEck Gold Miners ETF $GDX

Williams & Novak LLC reduced its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 31.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,455 shares of the exchange traded fund’s stock after selling 9,050 shares during the period. Williams & Novak LLC’s holdings in VanEck Gold Miners ETF were worth $1,013,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GDX. Banco Bilbao Vizcaya Argentaria S.A. raised its position in VanEck Gold Miners ETF by 7,098.1% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,080,392 shares of the exchange traded fund’s stock valued at $94,731,000 after purchasing an additional 2,051,490 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its position in VanEck Gold Miners ETF by 3,010.4% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,938,221 shares of the exchange traded fund’s stock valued at $89,100,000 after purchasing an additional 1,875,906 shares during the period. National Bank of Canada FI raised its position in VanEck Gold Miners ETF by 8,656.1% during the first quarter. National Bank of Canada FI now owns 1,376,192 shares of the exchange traded fund’s stock valued at $63,264,000 after purchasing an additional 1,360,475 shares during the period. CSM Advisors LLC purchased a new stake in VanEck Gold Miners ETF during the first quarter valued at approximately $36,656,000. Finally, Banque Transatlantique SA purchased a new stake in VanEck Gold Miners ETF during the first quarter valued at approximately $25,011,000.

VanEck Gold Miners ETF Price Performance

Shares of GDX stock opened at $75.78 on Friday. VanEck Gold Miners ETF has a 1 year low of $33.42 and a 1 year high of $79.49. The stock’s 50 day simple moving average is $66.58 and its two-hundred day simple moving average is $55.77. The company has a market cap of $22.13 billion, a PE ratio of 21.70 and a beta of 0.77.

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.