VanEck Gold Miners ETF (NYSEARCA:GDX) Stock Position Lifted by Avalon Capital Management

Avalon Capital Management lifted its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 39.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 414,571 shares of the exchange traded fund’s stock after buying an additional 116,791 shares during the period. VanEck Gold Miners ETF makes up about 4.5% of Avalon Capital Management’s portfolio, making the stock its 7th largest position. Avalon Capital Management owned approximately 0.10% of VanEck Gold Miners ETF worth $14,066,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of GDX. Jane Street Group LLC boosted its stake in VanEck Gold Miners ETF by 649.7% in the 1st quarter. Jane Street Group LLC now owns 16,209,056 shares of the exchange traded fund’s stock worth $512,530,000 after purchasing an additional 14,046,913 shares in the last quarter. Rafferty Asset Management LLC boosted its stake in VanEck Gold Miners ETF by 1.9% in the 4th quarter. Rafferty Asset Management LLC now owns 8,260,268 shares of the exchange traded fund’s stock worth $256,151,000 after purchasing an additional 152,114 shares in the last quarter. Alaska Permanent Fund Corp boosted its stake in VanEck Gold Miners ETF by 132.1% in the 1st quarter. Alaska Permanent Fund Corp now owns 3,940,340 shares of the exchange traded fund’s stock worth $124,594,000 after purchasing an additional 2,242,823 shares in the last quarter. Capitolis Liquid Global Markets LLC acquired a new stake in VanEck Gold Miners ETF during the 1st quarter valued at approximately $104,346,000. Finally, 1832 Asset Management L.P. lifted its stake in VanEck Gold Miners ETF by 6.4% during the 1st quarter. 1832 Asset Management L.P. now owns 3,020,715 shares of the exchange traded fund’s stock valued at $95,515,000 after acquiring an additional 181,475 shares during the period.

VanEck Gold Miners ETF Trading Up 1.4 %

NYSEARCA GDX traded up $0.56 on Friday, hitting $39.34. 15,851,380 shares of the company’s stock traded hands, compared to its average volume of 23,173,885. VanEck Gold Miners ETF has a 1-year low of $25.62 and a 1-year high of $39.97. The firm’s 50-day moving average price is $36.31 and its two-hundred day moving average price is $33.36. The firm has a market capitalization of $15.73 billion, a PE ratio of 28.03 and a beta of 0.85.

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.