Trans Canada Capital Inc. Sells 6,400 Shares of VanEck Gold Miners ETF $GDX

Trans Canada Capital Inc. cut its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 28.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 16,050 shares of the exchange traded fund’s stock after selling 6,400 shares during the quarter. VanEck Gold Miners ETF accounts for about 0.1% of Trans Canada Capital Inc.’s portfolio, making the stock its 20th largest position. Trans Canada Capital Inc.’s holdings in VanEck Gold Miners ETF were worth $1,211,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of GDX. AQR Capital Management LLC grew its position in VanEck Gold Miners ETF by 106.2% during the 1st quarter. AQR Capital Management LLC now owns 24,088 shares of the exchange traded fund’s stock worth $1,107,000 after acquiring an additional 12,408 shares during the last quarter. Invesco Ltd. bought a new position in VanEck Gold Miners ETF in the second quarter valued at about $31,236,000. Natixis raised its position in VanEck Gold Miners ETF by 196.1% in the second quarter. Natixis now owns 26,748 shares of the exchange traded fund’s stock valued at $1,393,000 after purchasing an additional 17,716 shares during the last quarter. Qube Research & Technologies Ltd raised its position in VanEck Gold Miners ETF by 194.3% in the second quarter. Qube Research & Technologies Ltd now owns 36,387 shares of the exchange traded fund’s stock valued at $1,894,000 after purchasing an additional 24,022 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in shares of VanEck Gold Miners ETF during the second quarter valued at about $846,000.

VanEck Gold Miners ETF Stock Performance

NYSEARCA:GDX opened at $99.26 on Monday. The stock has a market cap of $30.28 billion, a P/E ratio of 21.70 and a beta of 0.70. The stock’s 50-day moving average is $84.44 and its 200-day moving average is $89.30. VanEck Gold Miners ETF has a 1-year low of $65.16 and a 1-year 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 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.