US Bancorp DE Sells 3,265 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

US Bancorp DE cut its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 23.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,473 shares of the exchange traded fund’s stock after selling 3,265 shares during the period. US Bancorp DE’s holdings in VanEck Gold Miners ETF were worth $417,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in GDX. Capital Investment Advisors LLC grew its holdings in VanEck Gold Miners ETF by 9.8% in the second quarter. Capital Investment Advisors LLC now owns 17,668 shares of the exchange traded fund’s stock worth $599,000 after purchasing an additional 1,580 shares during the period. LRI Investments LLC purchased a new stake in VanEck Gold Miners ETF in the first quarter worth about $31,000. Clearbridge Investments LLC grew its holdings in VanEck Gold Miners ETF by 9.4% in the first quarter. Clearbridge Investments LLC now owns 17,400 shares of the exchange traded fund’s stock worth $550,000 after purchasing an additional 1,500 shares during the period. Cornerstone Wealth Management LLC grew its holdings in VanEck Gold Miners ETF by 2.7% in the second quarter. Cornerstone Wealth Management LLC now owns 17,168 shares of the exchange traded fund’s stock worth $583,000 after purchasing an additional 454 shares during the period. Finally, Diversified Trust Co purchased a new stake in shares of VanEck Gold Miners ETF during the second quarter valued at approximately $258,000.

VanEck Gold Miners ETF Stock Down 5.9 %

Shares of VanEck Gold Miners ETF stock opened at $36.73 on Tuesday. The company has a market cap of $14.68 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. The company’s 50 day moving average is $39.97 and its 200 day moving average is $37.37. VanEck Gold Miners ETF has a twelve month low of $25.67 and a twelve month high of $44.22.

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.