VanEck Gold Miners ETF $GDX Position Lessened by Mitsubishi UFJ Asset Management UK Ltd.

Mitsubishi UFJ Asset Management UK Ltd. reduced its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 52.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,000 shares of the exchange traded fund’s stock after selling 18,000 shares during the period. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in VanEck Gold Miners ETF were worth $1,372,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Morton Brown Family Wealth LLC bought a new position in VanEck Gold Miners ETF during the fourth quarter valued at about $36,000. Family Management Corp bought a new position in VanEck Gold Miners ETF during the third quarter valued at about $38,000. Activest Wealth Management bought a new position in VanEck Gold Miners ETF during the third quarter valued at about $50,000. Laurel Wealth Advisors LLC bought a new position in VanEck Gold Miners ETF during the fourth quarter valued at about $56,000. Finally, HHM Wealth Advisors LLC raised its holdings in VanEck Gold Miners ETF by 560.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 660 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 560 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

NYSEARCA GDX opened at $83.78 on Wednesday. VanEck Gold Miners ETF has a fifty-two week low of $47.26 and a fifty-two week high of $117.18. The stock’s 50-day moving average is $92.80 and its two-hundred day moving average is $91.70. The firm has a market cap of $25.81 billion, a P/E ratio of 21.70 and a beta of 0.61.

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.