Tocqueville Asset Management L.P. Sells 7,600 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Tocqueville Asset Management L.P. lessened its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 1.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 491,943 shares of the exchange traded fund’s stock after selling 7,600 shares during the period. Tocqueville Asset Management L.P.’s holdings in VanEck Gold Miners ETF were worth $16,682,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. JPMorgan Chase & Co. raised its position in VanEck Gold Miners ETF by 3.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,527,798 shares of the exchange traded fund’s stock worth $379,397,000 after purchasing an additional 294,034 shares during the last quarter. Proficio Capital Partners LLC increased its stake in shares of VanEck Gold Miners ETF by 1,116.3% in the 4th quarter. Proficio Capital Partners LLC now owns 2,144,108 shares of the exchange traded fund’s stock valued at $72,707,000 after buying an additional 1,967,832 shares during the period. Quadrature Capital Ltd bought a new stake in shares of VanEck Gold Miners ETF during the third quarter worth $76,065,000. Raymond James Financial Inc. acquired a new position in shares of VanEck Gold Miners ETF during the fourth quarter valued at $64,425,000. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in VanEck Gold Miners ETF by 70.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,839,319 shares of the exchange traded fund’s stock valued at $73,242,000 after acquiring an additional 760,722 shares during the last quarter.

VanEck Gold Miners ETF Stock Up 2.1 %

Shares of GDX stock opened at $44.57 on Tuesday. The firm has a market cap of $14.77 billion, a price-to-earnings ratio of 20.34 and a beta of 0.95. VanEck Gold Miners ETF has a 12 month low of $28.91 and a 12 month high of $45.38. The stock has a 50-day moving average price of $39.68 and a 200 day moving average price of $38.80.

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.