Sumitomo Mitsui Financial Group Inc. Sells 1,413 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Sumitomo Mitsui Financial Group Inc. lowered its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 7.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,121 shares of the exchange traded fund’s stock after selling 1,413 shares during the period. Sumitomo Mitsui Financial Group Inc.’s holdings in VanEck Gold Miners ETF were worth $614,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GDX. Roxbury Financial LLC bought a new stake in VanEck Gold Miners ETF in the 4th quarter worth approximately $25,000. Eastern Bank purchased a new position in shares of VanEck Gold Miners ETF during the fourth quarter worth approximately $25,000. Financial Connections Group Inc. purchased a new position in shares of VanEck Gold Miners ETF during the fourth quarter worth approximately $25,000. Rothschild Investment LLC lifted its holdings in shares of VanEck Gold Miners ETF by 100.0% in the 4th quarter. Rothschild Investment LLC now owns 1,000 shares of the exchange traded fund’s stock worth $34,000 after acquiring an additional 500 shares during the last quarter. Finally, Millstone Evans Group LLC purchased a new stake in shares of VanEck Gold Miners ETF in the 4th quarter valued at $34,000.

VanEck Gold Miners ETF Stock Performance

GDX stock opened at $41.68 on Monday. The firm has a market cap of $13.52 billion, a P/E ratio of 21.51 and a beta of 0.84. The firm’s fifty day moving average is $42.04 and its 200 day moving average is $39.47. VanEck Gold Miners ETF has a 52 week low of $32.20 and a 52 week high of $46.94.

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.