Piedmont Capital Management LLC Has $1.19 Million Holdings in VanEck Gold Miners ETF $GDX

Piedmont Capital Management LLC trimmed its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 89.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,624 shares of the exchange traded fund’s stock after selling 132,372 shares during the period. VanEck Gold Miners ETF makes up about 0.6% of Piedmont Capital Management LLC’s investment portfolio, making the stock its 24th biggest position. Piedmont Capital Management LLC’s holdings in VanEck Gold Miners ETF were worth $1,185,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of GDX. Caisse de depot et placement du Quebec acquired a new position in VanEck Gold Miners ETF in the fourth quarter valued at about $218,971,000. Bank of Nova Scotia increased its holdings in shares of VanEck Gold Miners ETF by 282.0% in the first quarter. Bank of Nova Scotia now owns 2,692,956 shares of the exchange traded fund’s stock worth $247,133,000 after acquiring an additional 1,987,920 shares in the last quarter. Rafferty Asset Management LLC raised its position in shares of VanEck Gold Miners ETF by 30.0% during the second quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock worth $338,966,000 after purchasing an additional 1,503,884 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of VanEck Gold Miners ETF during the fourth quarter worth about $101,981,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of VanEck Gold Miners ETF during the 1st quarter valued at about $84,873,000.

VanEck Gold Miners ETF Stock Down 1.1%

VanEck Gold Miners ETF stock opened at $98.51 on Tuesday. The company has a 50 day moving average of $82.68 and a 200-day moving average of $89.44. The stock has a market capitalization of $30.06 billion, a PE ratio of 21.70 and a beta of 0.65. VanEck Gold Miners ETF has a twelve month low of $61.21 and a twelve month high of $117.18.

VanEck Gold Miners ETF Company Profile

The Fund seeks to match as closely as possible the price and yield performance of the MarketVector Global 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.