Annex Advisory Services LLC Reduces Holdings in VanEck Gold Miners ETF $GDX

Annex Advisory Services LLC trimmed its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 7.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,389 shares of the exchange traded fund’s stock after selling 369 shares during the period. Annex Advisory Services LLC’s holdings in VanEck Gold Miners ETF were worth $228,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GDX. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in shares of VanEck Gold Miners ETF by 7,098.1% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,080,392 shares of the exchange traded fund’s stock worth $94,731,000 after purchasing an additional 2,051,490 shares during the period. OVERSEA CHINESE BANKING Corp Ltd lifted its position in VanEck Gold Miners ETF by 3,010.4% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,938,221 shares of the exchange traded fund’s stock valued at $89,100,000 after acquiring an additional 1,875,906 shares during the period. National Bank of Canada FI lifted its position in VanEck Gold Miners ETF by 8,656.1% during the 1st quarter. National Bank of Canada FI now owns 1,376,192 shares of the exchange traded fund’s stock valued at $63,264,000 after acquiring an additional 1,360,475 shares during the period. CSM Advisors LLC purchased a new position in VanEck Gold Miners ETF during the 1st quarter valued at about $36,656,000. Finally, Banque Transatlantique SA purchased a new position in VanEck Gold Miners ETF during the 1st quarter valued at about $25,011,000.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA GDX opened at $74.33 on Tuesday. VanEck Gold Miners ETF has a 1 year low of $33.42 and a 1 year high of $74.37. The stock has a market cap of $21.76 billion, a P/E ratio of 21.70 and a beta of 0.77. The firm has a 50-day moving average of $60.02 and a 200 day moving average of $52.78.

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.