Pictet Asset Management Ltd. Decreases Stake in VanEck Vectors Gold Miners ETF (NYSEARCA:GDX)

Pictet Asset Management Ltd. reduced its holdings in VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) by 50.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 69,680 shares of the exchange traded fund’s stock after selling 70,395 shares during the period. Pictet Asset Management Ltd.’s holdings in VanEck Vectors Gold Miners ETF were worth $1,781,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GDX. Keybank National Association OH raised its stake in VanEck Vectors Gold Miners ETF by 2.0% during the first quarter. Keybank National Association OH now owns 51,000 shares of the exchange traded fund’s stock worth $1,143,000 after purchasing an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in VanEck Vectors Gold Miners ETF by 55.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,549 shares of the exchange traded fund’s stock worth $934,000 after purchasing an additional 13,000 shares during the period. Raymond James Trust N.A. raised its stake in VanEck Vectors Gold Miners ETF by 7.1% during the second quarter. Raymond James Trust N.A. now owns 16,296 shares of the exchange traded fund’s stock worth $417,000 after purchasing an additional 1,075 shares during the period. Geneva Partners LLC purchased a new position in VanEck Vectors Gold Miners ETF during the first quarter worth about $235,000. Finally, Stelac Advisory Services LLC purchased a new position in VanEck Vectors Gold Miners ETF during the second quarter worth about $104,000.

GDX stock traded up $0.34 during trading on Thursday, reaching $27.96. 1,807,089 shares of the stock were exchanged, compared to its average volume of 49,885,742. The business has a 50 day moving average price of $28.76 and a 200-day moving average price of $24.43. VanEck Vectors Gold Miners ETF has a 1 year low of $18.14 and a 1 year high of $30.96.

About VanEck Vectors 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.

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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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