VanEck Gold Miners ETF $GDX Stock Position Lessened by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. reduced its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 11.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 195,758 shares of the exchange traded fund’s stock after selling 24,244 shares during the period. TD Waterhouse Canada Inc.’s holdings in VanEck Gold Miners ETF were worth $16,980,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GDX. ARS Wealth Advisors Group LLC boosted its position in VanEck Gold Miners ETF by 45.7% in the third quarter. ARS Wealth Advisors Group LLC now owns 13,165 shares of the exchange traded fund’s stock valued at $1,156,000 after buying an additional 4,128 shares in the last quarter. Banque Pictet & Cie SA acquired a new stake in shares of VanEck Gold Miners ETF during the third quarter worth approximately $6,181,000. Annex Advisory Services LLC acquired a new stake in shares of VanEck Gold Miners ETF during the third quarter worth approximately $364,000. BFI Infinity Ltd. acquired a new stake in shares of VanEck Gold Miners ETF during the third quarter worth approximately $14,057,000. Finally, White Pine Investment CO raised its stake in shares of VanEck Gold Miners ETF by 3.3% in the third quarter. White Pine Investment CO now owns 166,477 shares of the exchange traded fund’s stock valued at $14,617,000 after acquiring an additional 5,269 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of GDX opened at $87.71 on Friday. The company has a market capitalization of $26.58 billion, a P/E ratio of 21.70 and a beta of 0.68. VanEck Gold Miners ETF has a one year low of $68.13 and a one year high of $117.18. The business’s 50 day simple moving average is $93.62 and its 200-day simple moving average is $87.83.

About VanEck Gold Miners ETF

The Fund seeks to match as closely as possible the price and yield performance of the MarketVector Global 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.