Crescent Grove Advisors LLC Reduces Holdings in VanEck Gold Miners ETF $GDX

Crescent Grove Advisors LLC lowered its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 48.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,711 shares of the exchange traded fund’s stock after selling 23,912 shares during the period. Crescent Grove Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $2,359,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Avalon Trust Co acquired a new position in shares of VanEck Gold Miners ETF during the 1st quarter worth approximately $26,000. Eukles Asset Management purchased a new stake in VanEck Gold Miners ETF in the 4th quarter valued at approximately $27,000. Bayban acquired a new stake in VanEck Gold Miners ETF during the 4th quarter valued at $27,000. Princeton Global Asset Management LLC acquired a new stake in VanEck Gold Miners ETF during the 1st quarter valued at $27,000. Finally, Evolution Wealth Management Inc. purchased a new position in VanEck Gold Miners ETF during the first quarter worth $33,000.

VanEck Gold Miners ETF Stock Performance

VanEck Gold Miners ETF stock opened at $71.32 on Friday. VanEck Gold Miners ETF has a fifty-two week low of $51.12 and a fifty-two week high of $117.18. The company has a market capitalization of $21.78 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65. The stock has a fifty day moving average of $81.69 and a two-hundred day moving average of $91.60.

VanEck Gold Miners ETF 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.