Kercheville Advisors LLC Sells 9,175 Shares of VanEck Gold Miners ETF $GDX

Kercheville Advisors LLC reduced its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 4.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 181,090 shares of the exchange traded fund’s stock after selling 9,175 shares during the period. VanEck Gold Miners ETF accounts for approximately 3.3% of Kercheville Advisors LLC’s holdings, making the stock its 11th largest holding. Kercheville Advisors LLC owned about 0.06% of VanEck Gold Miners ETF worth $9,428,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LPL Financial LLC lifted its holdings in VanEck Gold Miners ETF by 2.3% during the first quarter. LPL Financial LLC now owns 3,594,251 shares of the exchange traded fund’s stock worth $165,228,000 after acquiring an additional 80,785 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in VanEck Gold Miners ETF by 7,098.1% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,080,392 shares of the exchange traded fund’s stock worth $94,731,000 after acquiring an additional 2,051,490 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in VanEck Gold Miners ETF by 3,010.4% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,938,221 shares of the exchange traded fund’s stock worth $89,100,000 after acquiring an additional 1,875,906 shares in the last quarter. National Bank of Canada FI lifted its holdings in VanEck Gold Miners ETF by 8,656.1% during the first quarter. National Bank of Canada FI now owns 1,376,192 shares of the exchange traded fund’s stock worth $63,264,000 after acquiring an additional 1,360,475 shares in the last quarter. Finally, New Harbor Financial Group LLC lifted its holdings in VanEck Gold Miners ETF by 51.9% during the first quarter. New Harbor Financial Group LLC now owns 1,155,787 shares of the exchange traded fund’s stock worth $53,132,000 after acquiring an additional 394,744 shares in the last quarter.

VanEck Gold Miners ETF Trading Down 0.0%

GDX stock opened at $77.08 on Friday. The business’s 50-day moving average price is $64.09 and its two-hundred day moving average price is $54.72. The firm has a market cap of $22.44 billion, a PE ratio of 21.70 and a beta of 0.77. VanEck Gold Miners ETF has a 1-year low of $33.42 and a 1-year high of $78.32.

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.