Allianz Asset Management GmbH Reduces Stake in VanEck Gold Miners ETF $GDX

Allianz Asset Management GmbH lowered its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 5.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 139,700 shares of the exchange traded fund’s stock after selling 7,400 shares during the quarter. Allianz Asset Management GmbH’s holdings in VanEck Gold Miners ETF were worth $10,673,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. New Republic Capital LLC bought a new stake in shares of VanEck Gold Miners ETF in the third quarter valued at $29,000. Highline Wealth Partners LLC increased its holdings in VanEck Gold Miners ETF by 45.0% in the 3rd quarter. Highline Wealth Partners LLC now owns 435 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 135 shares during the last quarter. Tradewinds Capital Management LLC increased its holdings in VanEck Gold Miners ETF by 162.5% in the 3rd quarter. Tradewinds Capital Management LLC now owns 525 shares of the exchange traded fund’s stock worth $40,000 after acquiring an additional 325 shares during the last quarter. Creekmur Asset Management LLC raised its stake in VanEck Gold Miners ETF by 147.2% in the 2nd quarter. Creekmur Asset Management LLC now owns 608 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 362 shares during the period. Finally, Activest Wealth Management purchased a new stake in VanEck Gold Miners ETF during the third quarter valued at about $50,000.

VanEck Gold Miners ETF Stock Up 5.4%

Shares of NYSEARCA:GDX opened at $97.39 on Monday. The firm has a market capitalization of $29.72 billion, a PE ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a twelve month low of $38.58 and a twelve month high of $113.50. The company has a 50-day moving average price of $91.98 and a two-hundred day moving average price of $77.07.

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.