Glenorchy Capital Ltd Sells 7,779 Shares of VanEck Gold Miners ETF $GDX

Glenorchy Capital Ltd cut its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 6.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 117,393 shares of the exchange traded fund’s stock after selling 7,779 shares during the period. VanEck Gold Miners ETF makes up approximately 1.3% of Glenorchy Capital Ltd’s holdings, making the stock its 2nd largest holding. Glenorchy Capital Ltd’s holdings in VanEck Gold Miners ETF were worth $8,969,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. New Republic Capital LLC acquired a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter worth approximately $29,000. Creekmur Asset Management LLC raised its holdings in VanEck Gold Miners ETF by 147.2% during the second quarter. Creekmur Asset Management LLC now owns 608 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 362 shares during the last quarter. Highline Wealth Partners LLC boosted its position in VanEck Gold Miners ETF by 45.0% during the third quarter. Highline Wealth Partners LLC now owns 435 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 135 shares in the last quarter. RMG Wealth Management LLC acquired a new stake in VanEck Gold Miners ETF in the second quarter valued at $34,000. Finally, First Command Advisory Services Inc. acquired a new stake in VanEck Gold Miners ETF in the second quarter valued at $35,000.

VanEck Gold Miners ETF Stock Up 3.8%

Shares of GDX stock opened at $105.17 on Friday. The stock has a market cap of $31.52 billion, a P/E ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a fifty-two week low of $36.84 and a fifty-two week high of $105.84. The business has a fifty day simple moving average of $86.64 and a 200-day simple moving average of $72.94.

VanEck Gold Miners ETF Company 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.