Oppenheimer & Close LLC Trims Holdings in VanEck Vectors Gold Miners ETF (GDX)

Oppenheimer & Close LLC reduced its stake in VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) by 8.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,105 shares of the exchange traded fund’s stock after selling 5,830 shares during the period. VanEck Vectors Gold Miners ETF makes up 1.2% of Oppenheimer & Close LLC’s portfolio, making the stock its 23rd largest holding. Oppenheimer & Close LLC’s holdings in VanEck Vectors Gold Miners ETF were worth $1,168,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Rafferty Asset Management LLC increased its holdings in shares of VanEck Vectors Gold Miners ETF by 19.0% in the 3rd quarter. Rafferty Asset Management LLC now owns 29,735,058 shares of the exchange traded fund’s stock worth $550,693,000 after buying an additional 4,739,623 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of VanEck Vectors Gold Miners ETF in the 3rd quarter worth about $429,664,000. Morgan Stanley increased its holdings in shares of VanEck Vectors Gold Miners ETF by 1.4% in the 2nd quarter. Morgan Stanley now owns 13,832,316 shares of the exchange traded fund’s stock worth $308,600,000 after buying an additional 188,521 shares during the last quarter. Hexavest Inc. increased its holdings in shares of VanEck Vectors Gold Miners ETF by 20.2% in the 3rd quarter. Hexavest Inc. now owns 9,245,293 shares of the exchange traded fund’s stock worth $171,223,000 after buying an additional 1,551,328 shares during the last quarter. Finally, MD Financial Management Inc. increased its holdings in shares of VanEck Vectors Gold Miners ETF by 19.6% in the 3rd quarter. MD Financial Management Inc. now owns 3,500,425 shares of the exchange traded fund’s stock worth $64,828,000 after buying an additional 574,508 shares during the last quarter.

VanEck Vectors Gold Miners ETF stock opened at $19.36 on Monday. VanEck Vectors Gold Miners ETF has a twelve month low of $17.28 and a twelve month high of $24.86.

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VanEck Vectors 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.

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Want to see what other hedge funds are holding GDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Vectors Gold Miners ETF (NYSEARCA:GDX).

Institutional Ownership by Quarter for VanEck Vectors Gold Miners ETF (NYSEARCA:GDX)

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