Banque Cantonale Vaudoise Lowers Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Banque Cantonale Vaudoise trimmed its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 4.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,858 shares of the exchange traded fund’s stock after selling 1,362 shares during the quarter. Banque Cantonale Vaudoise’s holdings in VanEck Gold Miners ETF were worth $883,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GDX. Headlands Technologies LLC bought a new position in VanEck Gold Miners ETF during the fourth quarter valued at approximately $26,000. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of VanEck Gold Miners ETF in the fourth quarter valued at $32,000. Family Asset Management LLC bought a new stake in VanEck Gold Miners ETF in the fourth quarter worth $38,000. Mather Group LLC. purchased a new stake in VanEck Gold Miners ETF during the first quarter valued at $42,000. Finally, Quintet Private Bank Europe S.A. purchased a new position in shares of VanEck Gold Miners ETF in the 4th quarter worth $47,000.

VanEck Gold Miners ETF Trading Down 1.6 %

Shares of NYSEARCA GDX opened at $34.01 on Friday. VanEck Gold Miners ETF has a 12-month low of $25.62 and a 12-month high of $37.47. The firm’s 50-day moving average price is $34.49 and its 200-day moving average price is $31.23. The stock has a market capitalization of $13.60 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85.

VanEck Gold Miners ETF 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.