Cushing Capital Partners LLC Reduces Stock Position in VanEck Gold Miners ETF $GDX

Cushing Capital Partners LLC lessened its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 22.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,912 shares of the exchange traded fund’s stock after selling 5,683 shares during the quarter. Cushing Capital Partners LLC’s holdings in VanEck Gold Miners ETF were worth $1,037,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. LPL Financial LLC grew its stake in shares of VanEck Gold Miners ETF by 2.3% during the 1st quarter. LPL Financial LLC now owns 3,594,251 shares of the exchange traded fund’s stock valued at $165,228,000 after purchasing an additional 80,785 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in shares of VanEck Gold Miners ETF by 7,098.1% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,080,392 shares of the exchange traded fund’s stock valued at $94,731,000 after purchasing an additional 2,051,490 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of 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 purchasing an additional 1,875,906 shares during the period. National Bank of Canada FI grew its stake in shares of 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 purchasing an additional 1,360,475 shares during the period. Finally, New Harbor Financial Group LLC grew its stake in shares of VanEck Gold Miners ETF by 51.9% during the 1st quarter. New Harbor Financial Group LLC now owns 1,155,787 shares of the exchange traded fund’s stock valued at $53,132,000 after purchasing an additional 394,744 shares during the period.

VanEck Gold Miners ETF Stock Up 3.8%

VanEck Gold Miners ETF stock opened at $81.47 on Thursday. The business has a 50-day simple moving average of $67.99 and a two-hundred day simple moving average of $56.49. The company has a market cap of $23.94 billion, a P/E ratio of 21.70 and a beta of 0.77. VanEck Gold Miners ETF has a 52-week low of $33.42 and a 52-week high of $81.74.

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.