VanEck Gold Miners ETF (NYSEARCA:GDX) Position Trimmed by Evergreen Capital Management LLC

Evergreen Capital Management LLC lowered its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 19.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 340,476 shares of the exchange traded fund’s stock after selling 82,480 shares during the quarter. Evergreen Capital Management LLC owned approximately 0.09% of VanEck Gold Miners ETF worth $11,552,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Beacon Capital Management LLC boosted its position in shares of VanEck Gold Miners ETF by 202.4% during the 2nd quarter. Beacon Capital Management LLC now owns 747 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 500 shares in the last quarter. Atwood & Palmer Inc. acquired a new stake in shares of VanEck Gold Miners ETF during the 1st quarter valued at $27,000. LRI Investments LLC purchased a new position in VanEck Gold Miners ETF in the first quarter valued at about $28,000. Cedar Wealth Management LLC grew its stake in shares of VanEck Gold Miners ETF by 63.4% in the 2nd quarter. Cedar Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 339 shares in the last quarter. Finally, Eagle Bay Advisors LLC grew its position in VanEck Gold Miners ETF by 95.8% in the second quarter. Eagle Bay Advisors LLC now owns 1,175 shares of the exchange traded fund’s stock worth $40,000 after acquiring an additional 575 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

GDX opened at $40.51 on Monday. The business has a 50 day moving average price of $37.84 and a 200 day moving average price of $35.16. The firm has a market cap of $16.19 billion, a P/E ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a twelve month low of $25.62 and a twelve month high of $40.99.

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.