Migdal Insurance & Financial Holdings Ltd. Cuts Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Migdal Insurance & Financial Holdings Ltd. reduced its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 25.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,450 shares of the exchange traded fund’s stock after selling 4,350 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in VanEck Gold Miners ETF were worth $500,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. lifted its holdings in VanEck Gold Miners ETF by 6.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,000 shares of the exchange traded fund’s stock valued at $1,391,000 after acquiring an additional 2,500 shares during the period. Empowered Funds LLC purchased a new stake in VanEck Gold Miners ETF during the first quarter worth about $297,000. SG Americas Securities LLC grew its position in VanEck Gold Miners ETF by 9.7% during the first quarter. SG Americas Securities LLC now owns 125,307 shares of the exchange traded fund’s stock worth $3,962,000 after buying an additional 11,094 shares during the period. US Bancorp DE increased its holdings in VanEck Gold Miners ETF by 4.9% in the first quarter. US Bancorp DE now owns 13,933 shares of the exchange traded fund’s stock valued at $441,000 after buying an additional 649 shares in the last quarter. Finally, Private Wealth Advisors LLC acquired a new stake in shares of VanEck Gold Miners ETF during the 1st quarter valued at approximately $4,168,000.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA:GDX opened at $39.02 on Monday. The firm has a market capitalization of $15.60 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. The business’s 50 day simple moving average is $40.01 and its 200-day simple moving average is $37.36. VanEck Gold Miners ETF has a 12 month low of $25.67 and a 12 month high of $44.22.

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.