VanEck Gold Miners ETF $GDX is Kercheville Advisors LLC’s 7th Largest Position

Kercheville Advisors LLC trimmed its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 12.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,722 shares of the exchange traded fund’s stock after selling 21,667 shares during the quarter. VanEck Gold Miners ETF comprises approximately 3.6% of Kercheville Advisors LLC’s holdings, making the stock its 7th biggest position. Kercheville Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $12,499,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New Republic Capital LLC purchased a new stake in VanEck Gold Miners ETF in the 3rd quarter worth approximately $29,000. Morton Brown Family Wealth LLC purchased a new stake in VanEck Gold Miners ETF in the 4th quarter worth approximately $36,000. Family Management Corp purchased a new stake in VanEck Gold Miners ETF in the 3rd quarter worth approximately $38,000. Tradewinds Capital Management LLC increased its holdings in VanEck Gold Miners ETF by 162.5% in the 3rd quarter. Tradewinds Capital Management LLC now owns 525 shares of the exchange traded fund’s stock worth $40,000 after acquiring an additional 325 shares in the last quarter. Finally, Activest Wealth Management purchased a new stake in VanEck Gold Miners ETF in the 3rd quarter worth approximately $50,000.

VanEck Gold Miners ETF Trading Up 2.3%

VanEck Gold Miners ETF stock opened at $94.34 on Friday. VanEck Gold Miners ETF has a 12-month low of $45.10 and a 12-month high of $117.18. The firm has a 50 day moving average of $97.71 and a 200 day moving average of $89.95. The firm has a market capitalization of $29.35 billion, a price-to-earnings ratio of 21.70 and a beta of 0.71.

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.