Choreo LLC Cuts Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Choreo LLC trimmed its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 12.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,906 shares of the exchange traded fund’s stock after selling 950 shares during the quarter. Choreo LLC’s holdings in VanEck Gold Miners ETF were worth $234,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Quadrature Capital Ltd bought a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter worth approximately $76,065,000. Carrhae Capital LLP bought a new stake in shares of VanEck Gold Miners ETF in the third quarter valued at $43,073,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of VanEck Gold Miners ETF during the 3rd quarter valued at $35,838,000. Fiduciary Family Office LLC bought a new position in shares of VanEck Gold Miners ETF during the 4th quarter worth $25,807,000. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in VanEck Gold Miners ETF by 70.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,839,319 shares of the exchange traded fund’s stock worth $73,242,000 after acquiring an additional 760,722 shares during the last quarter.

VanEck Gold Miners ETF Stock Down 3.4 %

NYSEARCA GDX opened at $41.08 on Friday. The company has a market cap of $16.42 billion, a PE ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 52 week low of $25.67 and a 52 week high of $44.22. The firm’s 50-day simple moving average is $37.18 and its two-hundred day simple moving average is $38.23.

About VanEck Gold Miners ETF

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.