The Manufacturers Life Insurance Company Sells 27,827 Shares of VanEck Gold Miners ETF $GDX

The Manufacturers Life Insurance Company cut its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 88.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 3,550 shares of the exchange traded fund’s stock after selling 27,827 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in VanEck Gold Miners ETF were worth $326,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Avalon Trust Co purchased a new stake in VanEck Gold Miners ETF in the first quarter worth $26,000. Princeton Global Asset Management LLC purchased a new position in VanEck Gold Miners ETF during the 1st quarter valued at $27,000. Eukles Asset Management bought a new position in VanEck Gold Miners ETF in the 4th quarter worth $27,000. Bayban bought a new position in VanEck Gold Miners ETF in the 4th quarter worth $27,000. Finally, Evolution Wealth Management Inc. bought a new position in VanEck Gold Miners ETF in the 1st quarter worth $33,000.

VanEck Gold Miners ETF Stock Performance

NYSEARCA:GDX opened at $89.97 on Monday. The company has a 50-day moving average price of $78.62 and a 200-day moving average price of $89.55. The stock has a market cap of $27.45 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65. VanEck Gold Miners ETF has a 12 month low of $56.59 and a 12 month high of $117.18.

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.