Valence8 US LP Trims Stock Holdings in VanEck Gold Miners ETF $GDX

Valence8 US LP lessened its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 30.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,239 shares of the exchange traded fund’s stock after selling 26,243 shares during the quarter. VanEck Gold Miners ETF accounts for 2.0% of Valence8 US LP’s portfolio, making the stock its 11th largest position. Valence8 US LP’s holdings in VanEck Gold Miners ETF were worth $5,620,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Redhawk Wealth Advisors Inc. grew its holdings in VanEck Gold Miners ETF by 1,433.6% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 94,010 shares of the exchange traded fund’s stock worth $8,063,000 after acquiring an additional 87,880 shares in the last quarter. Rit Capital Partners PLC increased its position in shares of VanEck Gold Miners ETF by 74.7% in the 4th quarter. Rit Capital Partners PLC now owns 1,197,000 shares of the exchange traded fund’s stock worth $102,679,000 after purchasing an additional 512,000 shares during the last quarter. Sequent Planning LLC acquired a new stake in shares of VanEck Gold Miners ETF in the 4th quarter valued at about $491,000. MFA Wealth Services bought a new position in shares of VanEck Gold Miners ETF during the fourth quarter worth about $510,000. Finally, Cushing Capital Partners LLC lifted its position in shares of VanEck Gold Miners ETF by 45.8% during the fourth quarter. Cushing Capital Partners LLC now owns 24,867 shares of the exchange traded fund’s stock worth $2,133,000 after purchasing an additional 7,809 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

NYSEARCA:GDX opened at $75.23 on Friday. The company has a market capitalization of $23.01 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65. VanEck Gold Miners ETF has a one year low of $51.37 and a one year high of $117.18. The stock has a 50-day simple moving average of $79.68 and a 200 day simple moving average of $91.19.

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.