Toronto Dominion Bank Lowers Stake in VanEck Gold Miners ETF (NYSEARCA:GDX)

Toronto Dominion Bank lessened its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 77.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 450,945 shares of the exchange traded fund’s stock after selling 1,579,755 shares during the period. Toronto Dominion Bank’s holdings in VanEck Gold Miners ETF were worth $15,301,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Insigneo Advisory Services LLC purchased a new stake in shares of VanEck Gold Miners ETF in the 2nd quarter worth $480,000. Kamunting Street Capital Management L.P. bought a new stake in shares of VanEck Gold Miners ETF in the second quarter valued at about $3,732,000. Steel Grove Capital Advisors LLC lifted its stake in VanEck Gold Miners ETF by 36.4% in the second quarter. Steel Grove Capital Advisors LLC now owns 17,914 shares of the exchange traded fund’s stock worth $608,000 after acquiring an additional 4,779 shares during the period. Harmony Asset Management LLC grew its holdings in VanEck Gold Miners ETF by 2.9% during the 2nd quarter. Harmony Asset Management LLC now owns 14,213 shares of the exchange traded fund’s stock worth $482,000 after acquiring an additional 406 shares in the last quarter. Finally, Turim 21 Investimentos Ltda. purchased a new position in VanEck Gold Miners ETF during the 2nd quarter valued at about $360,000.

VanEck Gold Miners ETF Stock Performance

Shares of GDX opened at $41.63 on Friday. The company has a 50 day moving average price of $38.06 and a 200-day moving average price of $35.40. VanEck Gold Miners ETF has a fifty-two week low of $25.62 and a fifty-two week high of $41.95. The stock has a market capitalization of $16.64 billion, a PE 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.