PNC Financial Services Group Inc. Sells 9,100 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

PNC Financial Services Group Inc. trimmed its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 17.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,517 shares of the exchange traded fund’s stock after selling 9,100 shares during the period. PNC Financial Services Group Inc.’s holdings in VanEck Gold Miners ETF were worth $1,349,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. MONECO Advisors LLC raised its holdings in shares of VanEck Gold Miners ETF by 3.7% in the fourth quarter. MONECO Advisors LLC now owns 33,540 shares of the exchange traded fund’s stock worth $1,040,000 after buying an additional 1,191 shares during the period. SageView Advisory Group LLC purchased a new stake in shares of VanEck Gold Miners ETF in the fourth quarter worth approximately $349,000. Twin Focus Capital Partners LLC raised its holdings in shares of VanEck Gold Miners ETF by 16.5% in the fourth quarter. Twin Focus Capital Partners LLC now owns 40,067 shares of the exchange traded fund’s stock worth $1,242,000 after buying an additional 5,667 shares during the period. Vima LLC purchased a new stake in shares of VanEck Gold Miners ETF in the fourth quarter worth approximately $2,167,000. Finally, Quintet Private Bank Europe S.A. purchased a new stake in shares of VanEck Gold Miners ETF in the fourth quarter worth approximately $47,000.

VanEck Gold Miners ETF Stock Down 1.6 %

GDX opened at $33.99 on Friday. The stock’s fifty day moving average is $34.49 and its two-hundred day moving average is $31.23. The company has a market capitalization of $13.59 billion, a P/E ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 52 week low of $25.62 and a 52 week high of $37.47.

About VanEck 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.