ICICI Prudential Asset Management Co Ltd trimmed its stake in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 31.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,060 shares of the exchange traded fund’s stock after selling 13,600 shares during the quarter. ICICI Prudential Asset Management Co Ltd’s holdings in VanEck Gold Miners ETF were worth $2,492,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the stock. Sepio Capital LP acquired a new position in shares of VanEck Gold Miners ETF in the 4th quarter worth $215,000. Sumitomo Mitsui Financial Group Inc. grew its holdings in shares of VanEck Gold Miners ETF by 16.1% in the 4th quarter. Sumitomo Mitsui Financial Group Inc. now owns 22,652 shares of the exchange traded fund’s stock worth $1,943,000 after acquiring an additional 3,149 shares during the last quarter. Group One Trading LLC grew its holdings in shares of VanEck Gold Miners ETF by 750.0% in the 4th quarter. Group One Trading LLC now owns 268,523 shares of the exchange traded fund’s stock worth $23,031,000 after acquiring an additional 236,933 shares during the last quarter. T3 Companies LLC acquired a new position in shares of VanEck Gold Miners ETF in the 4th quarter worth $548,000. Finally, Gilpin Wealth Management LLC acquired a new position in shares of VanEck Gold Miners ETF in the 4th quarter worth $708,000.
VanEck Gold Miners ETF Stock Up 5.3%
Shares of NYSEARCA GDX opened at $77.72 on Friday. The stock has a market capitalization of $23.95 billion, a price-to-earnings ratio of 21.70 and a beta of 0.60. The stock’s fifty day simple moving average is $90.55 and its 200 day simple moving average is $92.88. VanEck Gold Miners ETF has a 52-week low of $50.32 and a 52-week 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.
Read More
- Five stocks we like better than VanEck Gold Miners ETF
- Microsoft Just Gave Investors 3 Dates They Can’t Afford to Ignore
- NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
- The World Cup Is Coming—These 3 Stocks Could Cash In
- Spotify’s “North Star” Outlook Was Music to Investors Ears
Want to see what other hedge funds are holding GDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report).
Receive News & Ratings for VanEck Gold Miners ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Gold Miners ETF and related companies with MarketBeat.com's FREE daily email newsletter.
