Continuum Advisory LLC Lowers Position in VanEck Gold Miners ETF $GDX

Continuum Advisory LLC lessened its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 21.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 25,178 shares of the exchange traded fund’s stock after selling 6,775 shares during the period. Continuum Advisory LLC’s holdings in VanEck Gold Miners ETF were worth $1,900,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Capital Wealth Advisors raised its stake in shares of VanEck Gold Miners ETF by 34.1% in the second quarter. Vanguard Capital Wealth Advisors now owns 9,900 shares of the exchange traded fund’s stock worth $747,000 after buying an additional 2,520 shares during the period. Solstein Capital LLC grew its stake in shares of VanEck Gold Miners ETF by 17.9% during the 2nd quarter. Solstein Capital LLC now owns 10,520 shares of the exchange traded fund’s stock valued at $794,000 after acquiring an additional 1,594 shares during the period. Cavalier Investments LLC grew its stake in shares of VanEck Gold Miners ETF by 33.9% during the 2nd quarter. Cavalier Investments LLC now owns 37,901 shares of the exchange traded fund’s stock valued at $2,860,000 after acquiring an additional 9,589 shares during the period. Quantitative Investment Management LLC purchased a new stake in VanEck Gold Miners ETF in the 2nd quarter worth approximately $9,743,000. Finally, Compass Financial Management LLC purchased a new stake in VanEck Gold Miners ETF in the 2nd quarter worth approximately $134,000.

VanEck Gold Miners ETF Trading Up 4.0%

NYSEARCA GDX opened at $101.49 on Friday. VanEck Gold Miners ETF has a 12 month low of $63.89 and a 12 month high of $117.18. The stock has a market cap of $30.96 billion, a price-to-earnings ratio of 21.70 and a beta of 0.70. The company’s 50 day moving average is $84.00 and its two-hundred day moving average is $89.33.

VanEck Gold Miners ETF Profile

The Fund seeks to match as closely as possible the price and yield performance of the MarketVector Global 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.