HighVista Strategies LLC Sells 41,600 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

HighVista Strategies LLC lessened its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 47.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,200 shares of the exchange traded fund’s stock after selling 41,600 shares during the quarter. HighVista Strategies LLC’s holdings in VanEck Gold Miners ETF were worth $1,568,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in GDX. Beacon Capital Management LLC lifted its stake in shares of 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 valued at $25,000 after purchasing an additional 500 shares during the last quarter. Atwood & Palmer Inc. purchased a new position in VanEck Gold Miners ETF during the first quarter worth $27,000. LRI Investments LLC purchased a new position in VanEck Gold Miners ETF during the first quarter worth $28,000. Cedar Wealth Management LLC increased its position in VanEck Gold Miners ETF by 63.4% during the second quarter. Cedar Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 339 shares during the last quarter. Finally, Eagle Bay Advisors LLC raised its stake in shares of VanEck Gold Miners ETF by 95.8% in the second quarter. Eagle Bay Advisors LLC now owns 1,175 shares of the exchange traded fund’s stock valued at $40,000 after acquiring an additional 575 shares during the period.

VanEck Gold Miners ETF Stock Up 2.0 %

GDX stock opened at $40.51 on Monday. The firm has a market cap of $16.19 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a twelve month low of $25.62 and a twelve month high of $40.99. The business’s fifty day simple moving average is $37.84 and its two-hundred day simple moving average is $35.16.

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.