Oppenheimer & Co. Inc. Sells 25,275 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Oppenheimer & Co. Inc. lowered its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 28.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 64,442 shares of the exchange traded fund’s stock after selling 25,275 shares during the period. Oppenheimer & Co. Inc.’s holdings in VanEck Gold Miners ETF were worth $2,187,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GDX. Beacon Capital Management LLC grew its position in VanEck Gold Miners ETF by 202.4% during the 2nd quarter. Beacon Capital Management LLC now owns 747 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 500 shares during the last quarter. Atwood & Palmer Inc. bought a new stake in shares of VanEck Gold Miners ETF in the 1st quarter valued at about $27,000. LRI Investments LLC bought a new stake in shares of VanEck Gold Miners ETF in the 1st quarter valued at about $28,000. Eagle Bay Advisors LLC grew its position in shares of VanEck Gold Miners ETF by 95.8% in the 2nd quarter. Eagle Bay Advisors LLC now owns 1,175 shares of the exchange traded fund’s stock valued at $40,000 after buying an additional 575 shares during the last quarter. Finally, Studio Investment Management LLC grew its position in shares of VanEck Gold Miners ETF by 51.4% in the 2nd quarter. Studio Investment Management LLC now owns 1,202 shares of the exchange traded fund’s stock valued at $41,000 after buying an additional 408 shares during the last quarter.

VanEck Gold Miners ETF Trading Down 0.5 %

NYSEARCA GDX opened at $39.88 on Tuesday. The business’s 50-day moving average price is $37.65 and its two-hundred day moving average price is $34.84. VanEck Gold Miners ETF has a 12 month low of $25.62 and a 12 month high of $40.23. The firm has a market capitalization of $15.94 billion, a PE 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.