VanEck Gold Miners ETF $GDX Shares Sold by Rit Capital Partners PLC

Rit Capital Partners PLC lowered its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 19.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 962,000 shares of the exchange traded fund’s stock after selling 235,000 shares during the period. VanEck Gold Miners ETF comprises 23.6% of Rit Capital Partners PLC’s holdings, making the stock its largest holding. Rit Capital Partners PLC owned about 0.31% of VanEck Gold Miners ETF worth $88,254,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Avalon Trust Co acquired a new stake in VanEck Gold Miners ETF in the first quarter valued at $26,000. Eukles Asset Management acquired a new position in VanEck Gold Miners ETF during the 4th quarter worth about $27,000. Bayban acquired a new position in VanEck Gold Miners ETF during the 4th quarter worth about $27,000. Princeton Global Asset Management LLC bought a new stake in shares of VanEck Gold Miners ETF in the 1st quarter valued at about $27,000. Finally, Evolution Wealth Management Inc. bought a new stake in shares of VanEck Gold Miners ETF in the 1st quarter valued at about $33,000.

VanEck Gold Miners ETF Trading Up 4.9%

Shares of GDX stock opened at $74.19 on Wednesday. The stock has a market cap of $22.66 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65. The stock has a 50-day moving average of $80.70 and a 200-day moving average of $91.45. VanEck Gold Miners ETF has a 1-year low of $51.37 and a 1-year high of $117.18.

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.