E&G Advisors LP Trims Stock Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

E&G Advisors LP trimmed its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 1.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,903 shares of the exchange traded fund’s stock after selling 800 shares during the quarter. E&G Advisors LP’s holdings in VanEck Gold Miners ETF were worth $1,325,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC purchased a new position in VanEck Gold Miners ETF during the 3rd quarter worth $1,052,000. Evergreen Capital Management LLC increased its holdings in shares of VanEck Gold Miners ETF by 1.1% in the 3rd quarter. Evergreen Capital Management LLC now owns 342,983 shares of the exchange traded fund’s stock valued at $9,230,000 after acquiring an additional 3,810 shares during the period. Lowe Brockenbrough & Co. Inc. purchased a new position in shares of VanEck Gold Miners ETF in the 3rd quarter valued at $845,000. Knightsbridge Asset Management LLC increased its holdings in shares of VanEck Gold Miners ETF by 25.9% in the 3rd quarter. Knightsbridge Asset Management LLC now owns 26,919 shares of the exchange traded fund’s stock valued at $724,000 after acquiring an additional 5,537 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of VanEck Gold Miners ETF by 25.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,477,920 shares of the exchange traded fund’s stock valued at $255,051,000 after acquiring an additional 1,920,723 shares during the period.

VanEck Gold Miners ETF Trading Up 3.7 %

Shares of NYSEARCA:GDX traded up $1.26 on Wednesday, reaching $35.28. The company had a trading volume of 21,514,682 shares, compared to its average volume of 24,442,176. VanEck Gold Miners ETF has a 52-week low of $25.62 and a 52-week high of $37.47. The firm’s 50 day simple moving average is $34.62 and its 200-day simple moving average is $31.45. The firm has a market capitalization of $14.10 billion, a PE 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.