Stevens Capital Management LP Trims Stock Holdings in VanEck Gold Miners ETF $GDX

Stevens Capital Management LP trimmed its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 51.5% during the third quarter, Holdings Channel.com reports. The firm owned 44,300 shares of the exchange traded fund’s stock after selling 47,100 shares during the period. Stevens Capital Management LP’s holdings in VanEck Gold Miners ETF were worth $3,385,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Rafferty Asset Management LLC boosted its position in VanEck Gold Miners ETF by 30.0% during the second quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock worth $338,966,000 after acquiring an additional 1,503,884 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of VanEck Gold Miners ETF by 766.7% during the second quarter. JPMorgan Chase & Co. now owns 3,977,932 shares of the exchange traded fund’s stock worth $207,091,000 after purchasing an additional 4,574,598 shares during the last quarter. Slate Path Capital LP acquired a new stake in shares of VanEck Gold Miners ETF during the second quarter worth $123,070,000. Pureheart Capital Pte Ltd. grew its position in shares of VanEck Gold Miners ETF by 1.4% in the second quarter. Pureheart Capital Pte Ltd. now owns 1,339,000 shares of the exchange traded fund’s stock valued at $69,708,000 after purchasing an additional 19,000 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in VanEck Gold Miners ETF by 99.1% in the second quarter. Teacher Retirement System of Texas now owns 1,306,000 shares of the exchange traded fund’s stock valued at $67,990,000 after purchasing an additional 650,000 shares during the last quarter.

VanEck Gold Miners ETF Trading Up 1.9%

NYSEARCA GDX opened at $106.26 on Friday. The business’s 50-day moving average price is $96.12 and its 200 day moving average price is $80.21. VanEck Gold Miners ETF has a twelve month low of $38.58 and a twelve month high of $113.50. The company has a market capitalization of $32.43 billion, a PE ratio of 21.70 and a beta of 0.55.

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.