VanEck Gold Miners ETF $GDX is Berkeley Capital Partners LLC’s 8th Largest Position

Berkeley Capital Partners LLC lowered its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 4.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 148,993 shares of the exchange traded fund’s stock after selling 6,305 shares during the period. VanEck Gold Miners ETF makes up 2.0% of Berkeley Capital Partners LLC’s investment portfolio, making the stock its 8th largest position. Berkeley Capital Partners LLC’s holdings in VanEck Gold Miners ETF were worth $7,757,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hurley Capital LLC purchased a new position in shares of VanEck Gold Miners ETF in the first quarter worth $26,000. Hoey Investments Inc. raised its holdings in shares of VanEck Gold Miners ETF by 71.0% in the second quarter. Hoey Investments Inc. now owns 513 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 213 shares during the last quarter. RMG Wealth Management LLC purchased a new position in shares of VanEck Gold Miners ETF in the second quarter worth $34,000. EQ Wealth Advisors LLC purchased a new position in shares of VanEck Gold Miners ETF in the first quarter worth $42,000. Finally, NorthRock Partners LLC raised its holdings in shares of VanEck Gold Miners ETF by 69.1% in the first quarter. NorthRock Partners LLC now owns 930 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 380 shares during the last quarter.

VanEck Gold Miners ETF Trading Up 2.1%

NYSEARCA GDX opened at $80.36 on Tuesday. The company has a fifty day simple moving average of $69.38 and a two-hundred day simple moving average of $57.41. The stock has a market cap of $23.60 billion, a P/E ratio of 21.70 and a beta of 0.77. VanEck Gold Miners ETF has a 12-month low of $33.42 and a 12-month high of $85.08.

About VanEck 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.