Kercheville Advisors LLC Acquires 15,050 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Kercheville Advisors LLC boosted its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 8.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,360 shares of the exchange traded fund’s stock after acquiring an additional 15,050 shares during the quarter. VanEck Gold Miners ETF accounts for approximately 3.2% of Kercheville Advisors LLC’s holdings, making the stock its 12th largest position. Kercheville Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $7,580,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of GDX. Beacon Capital Management LLC raised its holdings in VanEck Gold Miners ETF by 202.4% in the 2nd quarter. Beacon Capital Management LLC now owns 747 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 500 shares during the period. LRI Investments LLC bought a new position in VanEck Gold Miners ETF in the 1st quarter worth $28,000. Cedar Wealth Management LLC raised its holdings in VanEck Gold Miners ETF by 63.4% in the 2nd quarter. Cedar Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 339 shares during the period. Eagle Bay Advisors LLC raised its holdings in VanEck Gold Miners ETF by 95.8% in the 2nd quarter. Eagle Bay Advisors LLC now owns 1,175 shares of the exchange traded fund’s stock worth $40,000 after purchasing an additional 575 shares during the period. Finally, Studio Investment Management LLC raised its holdings in VanEck Gold Miners ETF by 51.4% in the 2nd quarter. Studio Investment Management LLC now owns 1,202 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 408 shares during the period.

VanEck Gold Miners ETF Stock Performance

Shares of VanEck Gold Miners ETF stock opened at $41.56 on Monday. VanEck Gold Miners ETF has a one year low of $25.67 and a one year high of $44.22. The stock’s fifty day moving average is $39.78 and its 200 day moving average is $36.88. The stock has a market cap of $16.61 billion, a P/E ratio of 28.03 and a beta of 0.85.

VanEck Gold Miners ETF Company 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.