Hsbc Holdings PLC Sells 249,009 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Hsbc Holdings PLC lessened its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 36.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 427,291 shares of the exchange traded fund’s stock after selling 249,009 shares during the quarter. Hsbc Holdings PLC owned approximately 0.11% of VanEck Gold Miners ETF worth $14,596,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GDX. Trexquant Investment LP bought a new position in VanEck Gold Miners ETF in the 4th quarter valued at approximately $1,483,000. Franklin Resources Inc. raised its holdings in VanEck Gold Miners ETF by 6.5% during the 4th quarter. Franklin Resources Inc. now owns 136,776 shares of the exchange traded fund’s stock worth $4,241,000 after purchasing an additional 8,317 shares during the last quarter. SageView Advisory Group LLC bought a new position in VanEck Gold Miners ETF during the 4th quarter worth approximately $349,000. Advisory Services Network LLC raised its holdings in VanEck Gold Miners ETF by 4.2% during the 4th quarter. Advisory Services Network LLC now owns 39,808 shares of the exchange traded fund’s stock worth $1,234,000 after purchasing an additional 1,609 shares during the last quarter. Finally, Congress Wealth Management LLC DE raised its holdings in VanEck Gold Miners ETF by 0.5% during the 4th quarter. Congress Wealth Management LLC DE now owns 277,422 shares of the exchange traded fund’s stock worth $8,603,000 after purchasing an additional 1,403 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

VanEck Gold Miners ETF stock opened at $40.51 on Monday. VanEck Gold Miners ETF has a 52-week low of $25.62 and a 52-week high of $40.99. The firm has a 50 day moving average price of $37.84 and a two-hundred day moving average price of $35.16. The firm has a market cap of $16.19 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85.

VanEck Gold Miners ETF Company 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.