Bank of New Hampshire Sells 478 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Bank of New Hampshire trimmed its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 15.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,627 shares of the exchange traded fund’s stock after selling 478 shares during the quarter. Bank of New Hampshire’s holdings in VanEck Gold Miners ETF were worth $89,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in GDX. Headlands Technologies LLC bought a new position in shares of VanEck Gold Miners ETF during the fourth quarter valued at $26,000. Atwood & Palmer Inc. bought a new position in shares of VanEck Gold Miners ETF during the first quarter valued at $27,000. LRI Investments LLC bought a new position in shares of VanEck Gold Miners ETF during the first quarter valued at $31,000. Atlantic Edge Private Wealth Management LLC bought a new position in shares of VanEck Gold Miners ETF during the fourth quarter valued at $32,000. Finally, Family Asset Management LLC bought a new position in shares of VanEck Gold Miners ETF during the fourth quarter valued at $38,000.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA:GDX traded down $0.79 during midday trading on Friday, reaching $36.48. 27,344,525 shares of the company’s stock traded hands, compared to its average volume of 23,715,949. VanEck Gold Miners ETF has a one year low of $25.62 and a one year high of $39.41. The stock has a 50 day moving average of $35.60 and a 200 day moving average of $32.49. The company has a market cap of $14.58 billion, a price-to-earnings 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.