VanEck Gold Miners ETF (NYSEARCA:GDX) is Cypress Capital Management LLC WY’s 7th Largest Position

Cypress Capital Management LLC WY trimmed its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 29.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,474 shares of the exchange traded fund’s stock after selling 29,382 shares during the period. VanEck Gold Miners ETF makes up 2.7% of Cypress Capital Management LLC WY’s investment portfolio, making the stock its 7th largest holding. Cypress Capital Management LLC WY’s holdings in VanEck Gold Miners ETF were worth $2,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in VanEck Gold Miners ETF by 3.2% during 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. Quadrature Capital Ltd purchased a new position in shares of VanEck Gold Miners ETF during the third quarter worth about $76,065,000. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of VanEck Gold Miners ETF by 70.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,839,319 shares of the exchange traded fund’s stock worth $73,242,000 after buying an additional 760,722 shares during the last quarter. Stifel Financial Corp raised its stake in VanEck Gold Miners ETF by 6.9% during the 3rd quarter. Stifel Financial Corp now owns 1,300,414 shares of the exchange traded fund’s stock valued at $51,783,000 after acquiring an additional 84,471 shares during the last quarter. Finally, Carrhae Capital LLP acquired a new stake in VanEck Gold Miners ETF during the 3rd quarter worth approximately $43,073,000.

VanEck Gold Miners ETF Trading Up 4.0 %

NYSEARCA:GDX opened at $39.42 on Friday. VanEck Gold Miners ETF has a 12-month low of $25.67 and a 12-month high of $44.22. The stock’s 50 day simple moving average is $36.40 and its 200-day simple moving average is $37.97. The firm has a market cap of $15.76 billion, a P/E ratio of 28.03 and a beta of 0.85.

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.