Kercheville Advisors LLC lessened its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 10.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 129,813 shares of the exchange traded fund’s stock after selling 15,909 shares during the quarter. VanEck Gold Miners ETF accounts for approximately 3.8% of Kercheville Advisors LLC’s investment portfolio, making the stock its 7th largest holding. Kercheville Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $11,913,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of GDX. Delta Asset Management LLC TN lifted its position in VanEck Gold Miners ETF by 9.1% in the fourth quarter. Delta Asset Management LLC TN now owns 1,203 shares of the exchange traded fund’s stock worth $103,000 after purchasing an additional 100 shares during the period. Clear Creek Financial Management LLC boosted its position in shares of VanEck Gold Miners ETF by 0.8% during the 4th quarter. Clear Creek Financial Management LLC now owns 13,657 shares of the exchange traded fund’s stock valued at $1,171,000 after acquiring an additional 112 shares in the last quarter. KFA Private Wealth Group LLC increased its stake in VanEck Gold Miners ETF by 2.7% in the fourth quarter. KFA Private Wealth Group LLC now owns 4,454 shares of the exchange traded fund’s stock valued at $382,000 after acquiring an additional 117 shares during the period. O Shaughnessy Asset Management LLC increased its stake in VanEck Gold Miners ETF by 5.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,451 shares of the exchange traded fund’s stock valued at $210,000 after acquiring an additional 117 shares during the period. Finally, Vivaldi Capital Management LP raised its position in VanEck Gold Miners ETF by 1.4% in the fourth quarter. Vivaldi Capital Management LP now owns 8,981 shares of the exchange traded fund’s stock worth $770,000 after purchasing an additional 125 shares in the last quarter.
VanEck Gold Miners ETF Stock Down 4.6%
Shares of GDX opened at $77.66 on Wednesday. The stock has a market cap of $23.93 billion, a price-to-earnings ratio of 21.70 and a beta of 0.60. VanEck Gold Miners ETF has a 12 month low of $50.32 and a 12 month high of $117.18. The company has a 50-day moving average price of $88.37 and a two-hundred day moving average price of $92.98.
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.
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