Everstar Asset Management LLC Takes Position in VanEck Gold Miners ETF $GDX

Everstar Asset Management LLC acquired a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 23,704 shares of the exchange traded fund’s stock, valued at approximately $2,033,000. VanEck Gold Miners ETF accounts for about 1.0% of Everstar Asset Management LLC’s portfolio, making the stock its 29th largest holding.

Other hedge funds have also recently modified their holdings of the company. Constant Guidance Financial LLC bought a new position in shares of VanEck Gold Miners ETF during the 3rd quarter valued at approximately $1,433,000. Tradewinds LLC. bought a new position in shares of VanEck Gold Miners ETF during the 3rd quarter valued at approximately $1,568,000. Advisory Alpha LLC bought a new position in shares of VanEck Gold Miners ETF during the 3rd quarter valued at approximately $455,000. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new position in shares of VanEck Gold Miners ETF during the 3rd quarter valued at approximately $848,000. Finally, Vestmark Advisory Solutions Inc. bought a new position in shares of VanEck Gold Miners ETF during the 3rd quarter valued at approximately $3,649,000.

VanEck Gold Miners ETF Trading Down 7.0%

Shares of NYSEARCA:GDX opened at $87.35 on Friday. The stock has a 50 day moving average of $93.44 and a 200 day moving average of $91.34. The company has a market cap of $26.91 billion, a PE ratio of 21.70 and a beta of 0.61. VanEck Gold Miners ETF has a 12-month low of $45.24 and a 12-month high of $117.18.

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.