Freemont Management S.A. Cuts Holdings in VanEck Gold Miners ETF $GDX

by · The Cerbat Gem

Freemont Management S.A. trimmed its position in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 18.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 90,000 shares of the exchange traded fund’s stock after selling 20,000 shares during the period. Freemont Management S.A.’s holdings in VanEck Gold Miners ETF were worth $4,685,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in shares of VanEck Gold Miners ETF by 18.8% during the first quarter. Bank of New York Mellon Corp now owns 10,992 shares of the exchange traded fund’s stock worth $505,000 after acquiring an additional 1,741 shares in the last quarter. Stratos Wealth Advisors LLC raised its stake in shares of VanEck Gold Miners ETF by 17.0% during the 1st quarter. Stratos Wealth Advisors LLC now owns 8,100 shares of the exchange traded fund’s stock valued at $372,000 after purchasing an additional 1,178 shares during the period. M&T Bank Corp lifted its holdings in VanEck Gold Miners ETF by 4.0% during the 1st quarter. M&T Bank Corp now owns 26,110 shares of the exchange traded fund’s stock worth $1,200,000 after purchasing an additional 1,000 shares in the last quarter. Moloney Securities Asset Management LLC bought a new position in VanEck Gold Miners ETF in the 1st quarter worth about $215,000. Finally, Allworth Financial LP boosted its stake in VanEck Gold Miners ETF by 22.8% in the 1st quarter. Allworth Financial LP now owns 3,961 shares of the exchange traded fund’s stock worth $197,000 after purchasing an additional 735 shares during the period.

VanEck Gold Miners ETF Stock Performance

GDX stock opened at $72.55 on Friday. The company has a market capitalization of $21.79 billion, a PE ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a one year low of $33.42 and a one year high of $85.08. The company’s 50 day moving average price is $72.79 and its two-hundred day moving average price is $59.69.

VanEck Gold Miners ETF Profile

(Free Report)

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.

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