Valence8 US LP Cuts Stock Holdings in VanEck Gold Miners ETF $GDX

Valence8 US LP lessened its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 30.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,239 shares of the exchange traded fund’s stock after selling 26,243 shares during the quarter. VanEck Gold Miners ETF comprises approximately 2.0% of Valence8 US LP’s holdings, making the stock its 11th biggest holding. Valence8 US LP’s holdings in VanEck Gold Miners ETF were worth $5,620,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Avalon Trust Co purchased a new stake in shares of VanEck Gold Miners ETF in the first quarter worth about $26,000. Eukles Asset Management acquired a new position in VanEck Gold Miners ETF during the 4th quarter worth approximately $27,000. Bayban acquired a new position in VanEck Gold Miners ETF during the 4th quarter worth approximately $27,000. Princeton Global Asset Management LLC acquired a new position in VanEck Gold Miners ETF during the 1st quarter worth approximately $27,000. Finally, Evolution Wealth Management Inc. purchased a new position in VanEck Gold Miners ETF in the 1st quarter worth approximately $33,000.

VanEck Gold Miners ETF Stock Up 0.3%

Shares of NYSEARCA:GDX opened at $75.23 on Friday. The company has a market capitalization of $23.01 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65. The company has a 50 day moving average of $79.68 and a two-hundred day moving average of $91.19. VanEck Gold Miners ETF has a 52-week low of $51.37 and a 52-week high of $117.18.

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.