DV Trading LLC Sells 24,525 Shares of VanEck Gold Miners ETF $GDX

DV Trading LLC decreased its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 42.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 33,170 shares of the exchange traded fund’s stock after selling 24,525 shares during the period. VanEck Gold Miners ETF accounts for about 0.1% of DV Trading LLC’s holdings, making the stock its 24th largest position. DV Trading LLC’s holdings in VanEck Gold Miners ETF were worth $3,044,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Morgan Stanley lifted its holdings in VanEck Gold Miners ETF by 0.7% in the 4th quarter. Morgan Stanley now owns 12,876,546 shares of the exchange traded fund’s stock worth $1,104,421,000 after purchasing an additional 90,514 shares during the last quarter. Bank of America Corp DE boosted its position in VanEck Gold Miners ETF by 11.5% during the first quarter. Bank of America Corp DE now owns 8,345,307 shares of the exchange traded fund’s stock worth $765,849,000 after purchasing an additional 858,716 shares during the period. Rafferty Asset Management LLC grew its holdings in VanEck Gold Miners ETF by 8.2% during the fourth quarter. Rafferty Asset Management LLC now owns 7,053,592 shares of the exchange traded fund’s stock valued at $604,987,000 after purchasing an additional 534,856 shares during the last quarter. Bank of Nova Scotia grew its holdings in VanEck Gold Miners ETF by 282.0% during the first quarter. Bank of Nova Scotia now owns 2,692,956 shares of the exchange traded fund’s stock valued at $247,133,000 after purchasing an additional 1,987,920 shares during the last quarter. Finally, Caisse de depot et placement du Quebec acquired a new position in VanEck Gold Miners ETF during the fourth quarter valued at approximately $218,971,000.

VanEck Gold Miners ETF Stock Down 3.5%

NYSEARCA:GDX opened at $74.10 on Friday. VanEck Gold Miners ETF has a 12 month low of $51.37 and a 12 month high of $117.18. The firm has a market cap of $22.61 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65. The company’s 50 day moving average is $78.61 and its 200-day moving average is $90.62.

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.