SG Americas Securities LLC Reduces Position in VanEck Gold Miners ETF $GDX

SG Americas Securities LLC decreased its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 47.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 61,578 shares of the exchange traded fund’s stock after selling 54,848 shares during the period. SG Americas Securities LLC’s holdings in VanEck Gold Miners ETF were worth $5,651,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of GDX. Caisse de depot et placement du Quebec acquired a new position in shares of VanEck Gold Miners ETF during the 4th quarter worth approximately $218,971,000. M&T Bank Corp lifted its position in VanEck Gold Miners ETF by 7,491.6% during the fourth quarter. M&T Bank Corp now owns 2,025,428 shares of the exchange traded fund’s stock worth $173,721,000 after buying an additional 1,998,748 shares in the last quarter. Rafferty Asset Management LLC lifted its position in VanEck Gold Miners ETF by 30.0% during the second quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock worth $338,966,000 after buying an additional 1,503,884 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in VanEck Gold Miners ETF during the fourth quarter worth $101,981,000. Finally, Menora Mivtachim Holdings LTD. acquired a new position in VanEck Gold Miners ETF during the third quarter worth $70,231,000.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA:GDX opened at $77.00 on Monday. VanEck Gold Miners ETF has a 52-week low of $50.32 and a 52-week high of $117.18. The stock has a market cap of $23.72 billion, a P/E ratio of 21.70 and a beta of 0.60. The business has a fifty day moving average of $86.97 and a two-hundred day moving average of $92.88.

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.