Nomura Asset Management Co. Ltd. Reduces Stake in VanEck Gold Miners ETF (NYSEARCA:GDX)

Nomura Asset Management Co. Ltd. cut its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 8.0% during the third quarter, HoldingsChannel reports. The firm owned 45,835 shares of the exchange traded fund’s stock after selling 4,000 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in VanEck Gold Miners ETF were worth $1,825,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. &PARTNERS bought a new position in VanEck Gold Miners ETF in the 2nd quarter valued at $341,000. Nations Financial Group Inc. IA ADV lifted its holdings in VanEck Gold Miners ETF by 5.7% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 55,354 shares of the exchange traded fund’s stock valued at $1,878,000 after buying an additional 3,004 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in VanEck Gold Miners ETF during the 2nd quarter valued at about $390,000. CWM LLC boosted its holdings in shares of VanEck Gold Miners ETF by 55.8% in the third quarter. CWM LLC now owns 18,692 shares of the exchange traded fund’s stock valued at $744,000 after purchasing an additional 6,694 shares during the period. Finally, Magnus Financial Group LLC lifted its holdings in shares of VanEck Gold Miners ETF by 22.0% in the 3rd quarter. Magnus Financial Group LLC now owns 12,342 shares of the exchange traded fund’s stock worth $491,000 after buying an additional 2,225 shares during the period.

VanEck Gold Miners ETF Price Performance

Shares of VanEck Gold Miners ETF stock opened at $36.65 on Friday. The firm’s 50-day moving average is $39.03 and its two-hundred day moving average is $37.73. VanEck Gold Miners ETF has a 1 year low of $25.67 and a 1 year high of $44.22. The stock has a market cap of $14.65 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85.

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.