PNC Financial Services Group Inc. Trims Position in VanEck Gold Miners ETF $GDX

PNC Financial Services Group Inc. decreased its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 2.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,762 shares of the exchange traded fund’s stock after selling 1,051 shares during the quarter. PNC Financial Services Group Inc.’s holdings in VanEck Gold Miners ETF were worth $2,018,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in 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 buying an additional 2,051,490 shares during the last quarter. National Bank of Canada FI increased 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 acquiring an additional 1,360,475 shares during the last quarter. CSM Advisors LLC purchased a new position in shares of VanEck Gold Miners ETF during the 1st quarter worth about $36,656,000. Teacher Retirement System of Texas lifted its holdings in shares of VanEck Gold Miners ETF by 99.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 1,306,000 shares of the exchange traded fund’s stock worth $67,990,000 after acquiring an additional 650,000 shares during the period. Finally, Banque Transatlantique SA acquired a new stake in shares of VanEck Gold Miners ETF in the first quarter worth approximately $25,011,000.

VanEck Gold Miners ETF Stock Performance

VanEck Gold Miners ETF stock opened at $75.63 on Wednesday. VanEck Gold Miners ETF has a 1 year low of $33.42 and a 1 year high of $85.08. The firm has a 50 day moving average price of $74.34 and a 200 day moving average price of $61.21. The company has a market cap of $22.71 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55.

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.