Continuum Advisory LLC Sells 6,775 Shares of VanEck Gold Miners ETF $GDX

Continuum Advisory LLC cut its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 21.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,178 shares of the exchange traded fund’s stock after selling 6,775 shares during the period. Continuum Advisory LLC’s holdings in VanEck Gold Miners ETF were worth $1,900,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GDX. Avalon Trust Co purchased a new position in shares of VanEck Gold Miners ETF during the first quarter valued at about $26,000. Eukles Asset Management bought a new stake in shares of VanEck Gold Miners ETF in the fourth quarter worth about $27,000. Bayban purchased a new stake in shares of VanEck Gold Miners ETF in the fourth quarter worth about $27,000. Princeton Global Asset Management LLC bought a new position in VanEck Gold Miners ETF during the first quarter valued at approximately $27,000. Finally, Evolution Wealth Management Inc. bought a new position in VanEck Gold Miners ETF during the first quarter valued at approximately $33,000.

VanEck Gold Miners ETF Price Performance

NYSEARCA GDX opened at $101.49 on Friday. The stock has a market capitalization of $30.96 billion, a PE ratio of 21.70 and a beta of 0.70. The business has a 50 day simple moving average of $84.00 and a two-hundred day simple moving average of $89.33. VanEck Gold Miners ETF has a 1-year low of $63.89 and a 1-year 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 MarketVector Global 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.