CMC Financial Group Has $4.81 Million Stake in VanEck Gold Miners ETF $GDX

CMC Financial Group reduced its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 13.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,000 shares of the exchange traded fund’s stock after selling 9,603 shares during the period. VanEck Gold Miners ETF accounts for about 8.9% of CMC Financial Group’s investment portfolio, making the stock its 4th biggest position. CMC Financial Group’s holdings in VanEck Gold Miners ETF were worth $4,813,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its position in shares of VanEck Gold Miners ETF by 106.2% during the 1st quarter. AQR Capital Management LLC now owns 24,088 shares of the exchange traded fund’s stock valued at $1,107,000 after acquiring an additional 12,408 shares during the last quarter. Citizens Financial Group Inc. RI raised its stake in VanEck Gold Miners ETF by 3.3% during the second quarter. Citizens Financial Group Inc. RI now owns 12,498 shares of the exchange traded fund’s stock valued at $651,000 after purchasing an additional 400 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in VanEck Gold Miners ETF by 42.9% during the second quarter. Nomura Asset Management Co. Ltd. now owns 10,000 shares of the exchange traded fund’s stock valued at $521,000 after purchasing an additional 3,000 shares in the last quarter. Greenland Capital Management LP bought a new position in VanEck Gold Miners ETF during the second quarter valued at $782,000. Finally, North Forty Two & Co. lifted its position in VanEck Gold Miners ETF by 4.1% during the second quarter. North Forty Two & Co. now owns 5,100 shares of the exchange traded fund’s stock valued at $266,000 after purchasing an additional 200 shares during the last quarter.

VanEck Gold Miners ETF Stock Down 6.2%

VanEck Gold Miners ETF stock opened at $88.11 on Thursday. The company’s 50-day moving average price is $101.84 and its 200-day moving average price is $86.00. VanEck Gold Miners ETF has a twelve month low of $40.26 and a twelve month high of $117.18. The company has a market cap of $26.89 billion, a PE ratio of 21.70 and a beta of 0.55.

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.