Kercheville Advisors LLC Reduces Stock Position in VanEck Gold Miners ETF $GDX

Kercheville Advisors LLC lessened its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 10.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 129,813 shares of the exchange traded fund’s stock after selling 15,909 shares during the period. VanEck Gold Miners ETF makes up approximately 3.8% of Kercheville Advisors LLC’s holdings, making the stock its 7th largest position. Kercheville Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $11,913,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its holdings in shares of VanEck Gold Miners ETF by 106.2% during the first quarter. AQR Capital Management LLC now owns 24,088 shares of the exchange traded fund’s stock worth $1,107,000 after buying an additional 12,408 shares during the last quarter. Invesco Ltd. acquired a new stake in shares of VanEck Gold Miners ETF in the second quarter worth $31,236,000. Natixis increased its position in VanEck Gold Miners ETF by 196.1% during the second quarter. Natixis now owns 26,748 shares of the exchange traded fund’s stock worth $1,393,000 after acquiring an additional 17,716 shares during the period. Qube Research & Technologies Ltd increased its position in VanEck Gold Miners ETF by 194.3% during the second quarter. Qube Research & Technologies Ltd now owns 36,387 shares of the exchange traded fund’s stock worth $1,894,000 after acquiring an additional 24,022 shares during the period. Finally, Quantinno Capital Management LP acquired a new position in VanEck Gold Miners ETF during the 2nd quarter valued at $846,000.

VanEck Gold Miners ETF Price Performance

Shares of VanEck Gold Miners ETF stock opened at $77.66 on Wednesday. VanEck Gold Miners ETF has a fifty-two week low of $50.32 and a fifty-two week high of $117.18. The firm has a fifty day moving average price of $88.37 and a two-hundred day moving average price of $92.98. The company has a market cap of $23.93 billion, a PE ratio of 21.70 and a beta of 0.60.

About VanEck Gold Miners ETF

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.