TBH Global Asset Management LLC Has $4.06 Million Position in VanEck Gold Miners ETF $GDX

TBH Global Asset Management LLC cut its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 13.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,168 shares of the exchange traded fund’s stock after selling 8,509 shares during the period. VanEck Gold Miners ETF makes up approximately 0.8% of TBH Global Asset Management LLC’s portfolio, making the stock its 29th biggest position. TBH Global Asset Management LLC’s holdings in VanEck Gold Miners ETF were worth $4,062,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Ieq Capital LLC increased its holdings in VanEck Gold Miners ETF by 84.2% in the first quarter. Ieq Capital LLC now owns 21,518 shares of the exchange traded fund’s stock worth $989,000 after purchasing an additional 9,834 shares in the last quarter. Focus Partners Advisor Solutions LLC grew its position in shares of VanEck Gold Miners ETF by 17.1% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 10,285 shares of the exchange traded fund’s stock worth $473,000 after buying an additional 1,502 shares during the period. AQR Capital Management LLC increased its stake in shares of VanEck Gold Miners ETF by 106.2% in the 1st quarter. AQR Capital Management LLC now owns 24,088 shares of the exchange traded fund’s stock valued at $1,107,000 after acquiring an additional 12,408 shares in the last quarter. Banque Transatlantique SA acquired a new position in shares of VanEck Gold Miners ETF during the 1st quarter valued at $25,011,000. Finally, BW Gestao de Investimentos Ltda. bought a new position in VanEck Gold Miners ETF during the first quarter worth $6,987,000.

VanEck Gold Miners ETF Trading Up 1.2%

NYSEARCA:GDX opened at $86.84 on Wednesday. VanEck Gold Miners ETF has a 12 month low of $33.60 and a 12 month high of $91.67. The stock has a market capitalization of $26.08 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. The firm has a fifty day simple moving average of $79.36 and a two-hundred day simple moving average of $68.23.

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.