VanEck Gold Miners ETF $GDX Shares Sold by Mader & Shannon Wealth Management Inc.

Mader & Shannon Wealth Management Inc. cut its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 35.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 148,887 shares of the exchange traded fund’s stock after selling 81,706 shares during the period. VanEck Gold Miners ETF makes up 4.2% of Mader & Shannon Wealth Management Inc.’s holdings, making the stock its 7th biggest holding. Mader & Shannon Wealth Management Inc. owned approximately 0.05% of VanEck Gold Miners ETF worth $7,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Hurley Capital LLC acquired a new position in shares of VanEck Gold Miners ETF in the first quarter valued at approximately $26,000. Hoey Investments Inc. grew its holdings in shares of VanEck Gold Miners ETF by 71.0% in the second quarter. Hoey Investments Inc. now owns 513 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 213 shares in the last quarter. RMG Wealth Management LLC acquired a new position in shares of VanEck Gold Miners ETF in the second quarter valued at approximately $34,000. NorthRock Partners LLC grew its holdings in shares of VanEck Gold Miners ETF by 69.1% in the first quarter. NorthRock Partners LLC now owns 930 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 380 shares in the last quarter. Finally, IMA Advisory Services Inc. acquired a new position in shares of VanEck Gold Miners ETF in the first quarter valued at approximately $44,000.

VanEck Gold Miners ETF Stock Performance

Shares of GDX stock opened at $73.79 on Friday. The stock has a market capitalization of $21.66 billion, a P/E ratio of 21.70 and a beta of 0.77. The company has a 50 day moving average price of $70.29 and a 200 day moving average price of $57.84. VanEck Gold Miners ETF has a fifty-two week low of $33.42 and a fifty-two week high of $85.08.

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.