Staley Capital Advisers Inc. Lowers Stock Holdings in VanEck Gold Miners ETF $GDX

Staley Capital Advisers Inc. reduced its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 12.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 522,924 shares of the exchange traded fund’s stock after selling 73,542 shares during the quarter. VanEck Gold Miners ETF comprises approximately 2.0% of Staley Capital Advisers Inc.’s investment portfolio, making the stock its 17th biggest holding. Staley Capital Advisers Inc.’s holdings in VanEck Gold Miners ETF were worth $47,989,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Richmond Investment Services LLC boosted its position in shares of VanEck Gold Miners ETF by 1.5% in the first quarter. Richmond Investment Services LLC now owns 255,066 shares of the exchange traded fund’s stock worth $23,408,000 after acquiring an additional 3,738 shares during the last quarter. Meitav Investment House Ltd. increased its position in VanEck Gold Miners ETF by 68.6% during the first quarter. Meitav Investment House Ltd. now owns 1,211,200 shares of the exchange traded fund’s stock worth $111,152,000 after purchasing an additional 493,000 shares during the last quarter. Arbor Investment Advisors LLC acquired a new position in VanEck Gold Miners ETF during the first quarter worth approximately $469,000. Meridian Investment Counsel Inc. raised its stake in VanEck Gold Miners ETF by 7.7% during the first quarter. Meridian Investment Counsel Inc. now owns 13,942 shares of the exchange traded fund’s stock worth $1,279,000 after purchasing an additional 1,002 shares during the period. Finally, Whittier Trust Co. raised its stake in VanEck Gold Miners ETF by 48.6% during the first quarter. Whittier Trust Co. now owns 11,106 shares of the exchange traded fund’s stock worth $1,042,000 after purchasing an additional 3,630 shares during the period.

VanEck Gold Miners ETF Stock Down 2.9%

Shares of GDX opened at $73.53 on Thursday. VanEck Gold Miners ETF has a fifty-two week low of $50.44 and a fifty-two week high of $117.18. The company’s fifty day moving average is $83.92 and its two-hundred day moving average is $92.40. The firm has a market cap of $22.28 billion, a PE ratio of 21.70 and a beta of 0.65.

VanEck Gold Miners ETF Company 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.