Euro Pacific Asset Management LLC Trims Holdings in VanEck Gold Miners ETF $GDX

Euro Pacific Asset Management LLC cut its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 3.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,403 shares of the exchange traded fund’s stock after selling 390 shares during the quarter. Euro Pacific Asset Management LLC’s holdings in VanEck Gold Miners ETF were worth $646,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of GDX. LPL Financial LLC boosted its holdings in VanEck Gold Miners ETF by 2.3% in the 1st quarter. LPL Financial LLC now owns 3,594,251 shares of the exchange traded fund’s stock valued at $165,228,000 after purchasing an additional 80,785 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in VanEck Gold Miners ETF by 7,098.1% in 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 acquiring an additional 2,051,490 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its position in VanEck Gold Miners ETF by 3,010.4% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,938,221 shares of the exchange traded fund’s stock worth $89,100,000 after acquiring an additional 1,875,906 shares during the period. National Bank of Canada FI increased its stake 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 worth $63,264,000 after acquiring an additional 1,360,475 shares during the last quarter. Finally, New Harbor Financial Group LLC raised its position in VanEck Gold Miners ETF by 51.9% in the first quarter. New Harbor Financial Group LLC now owns 1,155,787 shares of the exchange traded fund’s stock valued at $53,132,000 after purchasing an additional 394,744 shares during the period.

VanEck Gold Miners ETF Price Performance

Shares of GDX opened at $78.61 on Tuesday. The firm has a 50-day simple moving average of $64.61 and a two-hundred day simple moving average of $55.03. The stock has a market cap of $22.89 billion, a PE ratio of 21.70 and a beta of 0.77. VanEck Gold Miners ETF has a 1-year low of $33.42 and a 1-year high of $79.49.

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.