VanEck Gold Miners ETF $GDX Shares Sold by IFC Advisors LLC

IFC Advisors LLC lowered its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 45.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,045 shares of the exchange traded fund’s stock after selling 26,336 shares during the quarter. IFC Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $1,616,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. LPL Financial LLC grew its position in shares of VanEck Gold Miners ETF by 2.3% during the first quarter. LPL Financial LLC now owns 3,594,251 shares of the exchange traded fund’s stock worth $165,228,000 after buying an additional 80,785 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its position in shares of VanEck Gold Miners ETF by 7,098.1% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,080,392 shares of the exchange traded fund’s stock worth $94,731,000 after buying an additional 2,051,490 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of VanEck Gold Miners ETF by 3,010.4% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,938,221 shares of the exchange traded fund’s stock worth $89,100,000 after buying an additional 1,875,906 shares in the last quarter. National Bank of Canada FI grew its position in shares of VanEck Gold Miners ETF by 8,656.1% during the first quarter. National Bank of Canada FI now owns 1,376,192 shares of the exchange traded fund’s stock worth $63,264,000 after buying an additional 1,360,475 shares in the last quarter. Finally, New Harbor Financial Group LLC grew its position in shares of VanEck Gold Miners ETF by 51.9% during the first quarter. New Harbor Financial Group LLC now owns 1,155,787 shares of the exchange traded fund’s stock worth $53,132,000 after buying an additional 394,744 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of GDX opened at $79.37 on Tuesday. The business’s fifty day moving average price is $67.06 and its 200 day moving average price is $56.16. VanEck Gold Miners ETF has a 12-month low of $33.42 and a 12-month high of $79.49. The stock has a market capitalization of $23.30 billion, a PE ratio of 21.70 and a beta of 0.77.

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.