Compagnie Lombard Odier SCmA Reduces Stock Position in VanEck Gold Miners ETF $GDX

Compagnie Lombard Odier SCmA cut its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 84.0% during the fourth quarter, Holdings Channel reports. The firm owned 1,900 shares of the exchange traded fund’s stock after selling 10,000 shares during the period. Compagnie Lombard Odier SCmA’s holdings in VanEck Gold Miners ETF were worth $163,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of GDX. Rafferty Asset Management LLC boosted its position in VanEck Gold Miners ETF by 30.0% in the second quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock valued at $338,966,000 after buying an additional 1,503,884 shares during the last quarter. Slate Path Capital LP acquired a new position in VanEck Gold Miners ETF in the 2nd quarter worth approximately $123,070,000. Pureheart Capital Pte Ltd. raised its position in VanEck Gold Miners ETF by 1.4% during the 2nd quarter. Pureheart Capital Pte Ltd. now owns 1,339,000 shares of the exchange traded fund’s stock worth $69,708,000 after buying an additional 19,000 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in VanEck Gold Miners ETF by 2.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,076,826 shares of the exchange traded fund’s stock valued at $82,336,000 after acquiring an additional 25,688 shares during the period. Finally, Ion Asset Management Ltd. lifted its stake in VanEck Gold Miners ETF by 0.5% during the 2nd quarter. Ion Asset Management Ltd. now owns 978,970 shares of the exchange traded fund’s stock valued at $50,965,000 after acquiring an additional 4,420 shares during the period.

VanEck Gold Miners ETF Price Performance

GDX stock opened at $94.59 on Friday. The company has a market capitalization of $28.86 billion, a P/E ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 12 month low of $40.26 and a 12 month high of $117.18. The firm’s fifty day simple moving average is $99.41 and its 200-day simple moving average is $87.39.

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.