Yong Rong HK Asset Management Ltd Lowers Holdings in VanEck Gold Miners ETF $GDX

Yong Rong HK Asset Management Ltd decreased its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 50.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,000 shares of the exchange traded fund’s stock after selling 50,000 shares during the quarter. VanEck Gold Miners ETF comprises 1.1% of Yong Rong HK Asset Management Ltd’s holdings, making the stock its 13th largest holding. Yong Rong HK Asset Management Ltd’s holdings in VanEck Gold Miners ETF were worth $3,820,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. New Republic Capital LLC purchased a new position in shares of VanEck Gold Miners ETF during the 3rd quarter worth $29,000. Creekmur Asset Management LLC lifted its position in VanEck Gold Miners ETF by 147.2% in the second quarter. Creekmur Asset Management LLC now owns 608 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 362 shares during the last quarter. Highline Wealth Partners LLC lifted its position in VanEck Gold Miners ETF by 45.0% in the third quarter. Highline Wealth Partners LLC now owns 435 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 135 shares during the last quarter. RMG Wealth Management LLC purchased a new position in VanEck Gold Miners ETF during the second quarter worth about $34,000. Finally, First Command Advisory Services Inc. acquired a new stake in shares of VanEck Gold Miners ETF during the second quarter valued at about $35,000.

VanEck Gold Miners ETF Stock Performance

VanEck Gold Miners ETF stock opened at $94.20 on Friday. The company’s 50 day simple moving average is $90.40 and its 200-day simple moving average is $75.21. VanEck Gold Miners ETF has a 1 year low of $38.58 and a 1 year high of $113.50. The company has a market capitalization of $28.42 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55.

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.