VanEck Gold Miners ETF (NYSEARCA:GDX) Stock Position Trimmed by Cypress Capital Management LLC WY

Cypress Capital Management LLC WY trimmed its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 29.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 69,474 shares of the exchange traded fund’s stock after selling 29,382 shares during the period. VanEck Gold Miners ETF accounts for about 2.7% of Cypress Capital Management LLC WY’s investment portfolio, making the stock its 7th biggest holding. Cypress Capital Management LLC WY’s holdings in VanEck Gold Miners ETF were worth $2,356,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Quadrature Capital Ltd purchased a new position in VanEck Gold Miners ETF in the third quarter valued at about $76,065,000. Carrhae Capital LLP acquired a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter worth approximately $43,073,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in VanEck Gold Miners ETF in the 3rd quarter valued at approximately $35,838,000. Fiduciary Family Office LLC acquired a new position in VanEck Gold Miners ETF during the fourth quarter worth $25,807,000. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in 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 purchasing an additional 760,722 shares in the last quarter.

VanEck Gold Miners ETF Stock Up 4.0 %

NYSEARCA:GDX opened at $39.42 on Friday. VanEck Gold Miners ETF has a 52-week low of $25.67 and a 52-week high of $44.22. The stock has a fifty day simple moving average of $36.40 and a 200-day simple moving average of $37.97. The company has a market capitalization of $15.76 billion, a PE 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.