VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. reduced its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 6.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,690 shares of the exchange traded fund’s stock after selling 1,705 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in VanEck Gold Miners ETF were worth $797,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Theory Financial LLC raised its stake in shares of VanEck Gold Miners ETF by 20.4% during the third quarter. Theory Financial LLC now owns 122,839 shares of the exchange traded fund’s stock worth $3,306,000 after purchasing an additional 20,837 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of VanEck Gold Miners ETF during the fourth quarter worth approximately $33,675,000. Capital Investment Advisors LLC raised its stake in shares of VanEck Gold Miners ETF by 14.3% during the fourth quarter. Capital Investment Advisors LLC now owns 12,661 shares of the exchange traded fund’s stock worth $393,000 after purchasing an additional 1,584 shares during the last quarter. Chevy Chase Trust Holdings LLC purchased a new stake in shares of VanEck Gold Miners ETF during the fourth quarter worth approximately $13,822,000. Finally, Hudson Bay Capital Management LP raised its stake in shares of VanEck Gold Miners ETF by 29.0% during the third quarter. Hudson Bay Capital Management LP now owns 32,250 shares of the exchange traded fund’s stock worth $868,000 after purchasing an additional 7,250 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

VanEck Gold Miners ETF stock opened at $34.32 on Friday. VanEck Gold Miners ETF has a 12 month low of $25.62 and a 12 month high of $36.26. The business has a 50 day simple moving average of $30.50 and a 200-day simple moving average of $29.59. The stock has a market capitalization of $14.35 billion, a PE ratio of 28.20 and a beta of 0.81.

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.