Stevens Capital Management LP Reduces Stock Position in VanEck Gold Miners ETF $GDX

Stevens Capital Management LP cut its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 70.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,918 shares of the exchange traded fund’s stock after selling 31,382 shares during the quarter. Stevens Capital Management LP’s holdings in VanEck Gold Miners ETF were worth $1,108,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. New Republic Capital LLC purchased a new stake in VanEck Gold Miners ETF in the third quarter worth approximately $29,000. Morton Brown Family Wealth LLC purchased a new stake in VanEck Gold Miners ETF during the 4th quarter valued at $36,000. Family Management Corp purchased a new stake in VanEck Gold Miners ETF during the 3rd quarter valued at $38,000. Activest Wealth Management bought a new position in shares of VanEck Gold Miners ETF during the 3rd quarter valued at $50,000. Finally, Laurel Wealth Advisors LLC bought a new position in shares of VanEck Gold Miners ETF during the 4th quarter valued at $56,000.

VanEck Gold Miners ETF Price Performance

GDX stock opened at $85.81 on Wednesday. VanEck Gold Miners ETF has a 1 year low of $45.10 and a 1 year high of $117.18. The company has a market cap of $26.44 billion, a P/E ratio of 21.70 and a beta of 0.61. The stock’s fifty day moving average price is $96.19 and its 200-day moving average price is $90.47.

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.