International Assets Investment Management LLC Lowers Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

International Assets Investment Management LLC lessened its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 46.2% in the first quarter, Holdings Channel reports. The firm owned 4,683 shares of the exchange traded fund’s stock after selling 4,020 shares during the period. International Assets Investment Management LLC’s holdings in VanEck Gold Miners ETF were worth $215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of GDX. Principal Financial Group Inc. grew its stake in VanEck Gold Miners ETF by 34.8% in the 4th quarter. Principal Financial Group Inc. now owns 42,939 shares of the exchange traded fund’s stock valued at $1,456,000 after purchasing an additional 11,082 shares during the period. Ieq Capital LLC grew its stake in VanEck Gold Miners ETF by 24.6% in the 4th quarter. Ieq Capital LLC now owns 11,684 shares of the exchange traded fund’s stock valued at $396,000 after purchasing an additional 2,307 shares during the period. Proficio Capital Partners LLC grew its stake in VanEck Gold Miners ETF by 1,116.3% in the 4th quarter. Proficio Capital Partners LLC now owns 2,144,108 shares of the exchange traded fund’s stock valued at $72,707,000 after purchasing an additional 1,967,832 shares during the period. Private Trust Co. NA grew its stake in VanEck Gold Miners ETF by 80.1% in the 4th quarter. Private Trust Co. NA now owns 2,754 shares of the exchange traded fund’s stock valued at $93,000 after purchasing an additional 1,225 shares during the period. Finally, US Bancorp DE grew its stake in VanEck Gold Miners ETF by 11.8% in the 4th quarter. US Bancorp DE now owns 11,712 shares of the exchange traded fund’s stock valued at $397,000 after purchasing an additional 1,239 shares during the period.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA:GDX opened at $50.73 on Friday. The company has a market capitalization of $15.54 billion, a PE ratio of 21.70 and a beta of 0.77. The business has a fifty day moving average price of $50.42 and a two-hundred day moving average price of $43.92. VanEck Gold Miners ETF has a 1 year low of $33.42 and a 1 year high of $54.70.

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.