Oppenheimer & Co. Inc. lessened its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 3.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 89,717 shares of the exchange traded fund’s stock after selling 3,609 shares during the period. Oppenheimer & Co. Inc.’s holdings in VanEck Gold Miners ETF were worth $2,837,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in GDX. Headlands Technologies LLC acquired a new stake in shares of VanEck Gold Miners ETF during the fourth quarter worth $26,000. Atwood & Palmer Inc. bought a new position in shares of VanEck Gold Miners ETF during the first quarter valued at about $27,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in VanEck Gold Miners ETF during the fourth quarter worth about $32,000. Family Asset Management LLC purchased a new stake in VanEck Gold Miners ETF during the fourth quarter worth about $38,000. Finally, Mather Group LLC. purchased a new stake in VanEck Gold Miners ETF during the first quarter worth about $42,000.
VanEck Gold Miners ETF Price Performance
Shares of GDX traded up $0.08 during trading hours on Friday, hitting $38.17. The company’s stock had a trading volume of 16,263,320 shares, compared to its average volume of 24,173,066. The company has a market cap of $15.26 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. The business has a 50 day simple moving average of $35.02 and a two-hundred day simple moving average of $31.71. VanEck Gold Miners ETF has a 52-week low of $25.62 and a 52-week high of $38.31.
About VanEck Gold Miners ETF
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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