Echo45 Advisors LLC Sells 565 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Echo45 Advisors LLC cut its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,746 shares of the exchange traded fund’s stock after selling 565 shares during the quarter. VanEck Gold Miners ETF makes up about 1.2% of Echo45 Advisors LLC’s investment portfolio, making the stock its 20th biggest position. Echo45 Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $1,819,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Jane Street Group LLC increased its holdings in VanEck Gold Miners ETF by 649.7% during the first quarter. Jane Street Group LLC now owns 16,209,056 shares of the exchange traded fund’s stock valued at $512,530,000 after buying an additional 14,046,913 shares during the period. Capitolis Liquid Global Markets LLC purchased a new stake in shares of VanEck Gold Miners ETF during the 1st quarter worth about $104,346,000. National Bank of Canada FI grew its position in shares of VanEck Gold Miners ETF by 89.0% during the 2nd quarter. National Bank of Canada FI now owns 3,913,211 shares of the exchange traded fund’s stock valued at $132,617,000 after acquiring an additional 1,842,885 shares during the period. Strategic Financial Concepts LLC raised its holdings in VanEck Gold Miners ETF by 3,646.0% in the 2nd quarter. Strategic Financial Concepts LLC now owns 1,719,210 shares of the exchange traded fund’s stock worth $58,333,000 after purchasing an additional 1,673,315 shares during the period. Finally, Blackstone Inc. purchased a new position in VanEck Gold Miners ETF during the first quarter worth approximately $41,106,000.

VanEck Gold Miners ETF Trading Down 1.7 %

GDX traded down $0.70 during trading on Wednesday, hitting $41.32. The company’s stock had a trading volume of 6,594,133 shares, compared to its average volume of 22,334,395. The firm has a market capitalization of $16.52 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. The business’s fifty day simple moving average is $39.87 and its 200 day simple moving average is $36.99. VanEck Gold Miners ETF has a twelve month low of $25.67 and a twelve month high of $44.22.

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.