First National Bank Sioux Falls Reduces Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

First National Bank Sioux Falls trimmed its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 48.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,000 shares of the exchange traded fund’s stock after selling 8,459 shares during the period. First National Bank Sioux Falls’ holdings in VanEck Gold Miners ETF were worth $285,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Headlands Technologies LLC bought a new stake in shares of VanEck Gold Miners ETF in the fourth quarter worth approximately $26,000. Atwood & Palmer Inc. purchased a new position in shares of VanEck Gold Miners ETF in the first quarter worth approximately $27,000. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of VanEck Gold Miners ETF in the fourth quarter worth approximately $32,000. Family Asset Management LLC purchased a new position in shares of VanEck Gold Miners ETF in the fourth quarter worth approximately $38,000. Finally, Mather Group LLC. purchased a new position in shares of VanEck Gold Miners ETF in the first quarter worth approximately $42,000.

VanEck Gold Miners ETF Price Performance

Shares of GDX traded up $0.41 on Thursday, reaching $34.23. The company’s stock had a trading volume of 11,299,371 shares, compared to its average volume of 24,749,828. The stock has a market capitalization of $13.68 billion, a P/E ratio of 28.03 and a beta of 0.85. The stock’s 50 day simple moving average is $34.52 and its two-hundred day simple moving average is $31.31. VanEck Gold Miners ETF has a 12-month low of $25.62 and a 12-month high of $37.47.

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.