VanEck Gold Miners ETF $GDX Shares Sold by Rit Capital Partners PLC

Rit Capital Partners PLC lessened its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 19.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 962,000 shares of the exchange traded fund’s stock after selling 235,000 shares during the period. VanEck Gold Miners ETF makes up 23.6% of Rit Capital Partners PLC’s holdings, making the stock its biggest holding. Rit Capital Partners PLC’s holdings in VanEck Gold Miners ETF were worth $88,254,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Avalon Trust Co bought a new stake in VanEck Gold Miners ETF during the first quarter valued at $26,000. Eukles Asset Management acquired a new stake in VanEck Gold Miners ETF during the 4th quarter worth about $27,000. Bayban bought a new position in shares of VanEck Gold Miners ETF in the 4th quarter worth about $27,000. Princeton Global Asset Management LLC bought a new position in shares of VanEck Gold Miners ETF in the 1st quarter worth about $27,000. Finally, Evolution Wealth Management Inc. bought a new position in shares of VanEck Gold Miners ETF in the 1st quarter worth about $33,000.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA:GDX opened at $74.19 on Wednesday. VanEck Gold Miners ETF has a 1 year low of $51.37 and a 1 year high of $117.18. The business’s 50-day moving average is $80.70 and its 200-day moving average is $91.45. The company has a market capitalization of $22.66 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65.

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.