Cairn Investment Group Inc. lowered its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 61.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,460 shares of the exchange traded fund’s stock after selling 62,825 shares during the period. VanEck Gold Miners ETF accounts for about 1.8% of Cairn Investment Group Inc.’s holdings, making the stock its 22nd biggest position. Cairn Investment Group Inc.’s holdings in VanEck Gold Miners ETF were worth $3,621,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of GDX. Princeton Global Asset Management LLC bought a new position in shares of VanEck Gold Miners ETF in the first quarter worth $27,000. Eukles Asset Management bought a new stake in VanEck Gold Miners ETF during the fourth quarter valued at $27,000. Bayban purchased a new position in VanEck Gold Miners ETF during the fourth quarter worth about $27,000. Evolution Wealth Management Inc. bought a new position in VanEck Gold Miners ETF in the 1st quarter worth about $33,000. Finally, Morton Brown Family Wealth LLC bought a new position in VanEck Gold Miners ETF in the 4th quarter worth about $36,000.
VanEck Gold Miners ETF Trading Down 3.8%
Shares of GDX opened at $75.76 on Wednesday. The company has a market cap of $22.95 billion, a PE ratio of 21.70 and a beta of 0.65. The stock has a 50-day moving average price of $84.30 and a 200-day moving average price of $92.49. VanEck Gold Miners ETF has a 12-month low of $50.35 and a 12-month high of $117.18.
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.
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