VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank lowered its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 50.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,030,700 shares of the exchange traded fund’s stock after selling 2,052,424 shares during the quarter. Toronto Dominion Bank owned about 0.51% of VanEck Gold Miners ETF worth $64,211,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. SG Americas Securities LLC increased its position in VanEck Gold Miners ETF by 575.8% during the 4th quarter. SG Americas Securities LLC now owns 114,213 shares of the exchange traded fund’s stock worth $3,542,000 after purchasing an additional 97,313 shares in the last quarter. Raymond James & Associates increased its position in VanEck Gold Miners ETF by 38.6% during the 4th quarter. Raymond James & Associates now owns 1,375,380 shares of the exchange traded fund’s stock worth $42,651,000 after purchasing an additional 383,242 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in VanEck Gold Miners ETF during the 4th quarter worth approximately $375,000. Cultivar Capital Inc. acquired a new stake in VanEck Gold Miners ETF during the 4th quarter worth approximately $10,520,000. Finally, CMC Financial Group increased its position in VanEck Gold Miners ETF by 357.8% during the 4th quarter. CMC Financial Group now owns 146,959 shares of the exchange traded fund’s stock worth $4,365,000 after purchasing an additional 114,859 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

NYSEARCA GDX traded up $0.29 on Friday, reaching $36.48. The company had a trading volume of 15,894,904 shares, compared to its average volume of 23,883,604. The firm has a market capitalization of $14.58 billion, a PE ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 1 year low of $25.62 and a 1 year high of $39.41. The firm has a 50-day moving average of $35.49 and a 200-day moving average of $32.20.

VanEck Gold Miners ETF 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.