Banco Bilbao Vizcaya Argentaria S.A. Sells 572,660 Shares of VanEck Gold Miners ETF $GDX

Banco Bilbao Vizcaya Argentaria S.A. reduced its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 68.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 267,203 shares of the exchange traded fund’s stock after selling 572,660 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A. owned 0.09% of VanEck Gold Miners ETF worth $20,286,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. New Republic Capital LLC purchased a new position in VanEck Gold Miners ETF during the 3rd quarter valued at about $29,000. Highline Wealth Partners LLC lifted its position in shares of VanEck Gold Miners ETF by 45.0% in the 3rd 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 during the period. Family Management Corp purchased a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter worth approximately $38,000. Tradewinds Capital Management LLC boosted its stake in shares of VanEck Gold Miners ETF by 162.5% during the third quarter. Tradewinds Capital Management LLC now owns 525 shares of the exchange traded fund’s stock valued at $40,000 after purchasing an additional 325 shares in the last quarter. Finally, Activest Wealth Management bought a new position in shares of VanEck Gold Miners ETF during the third quarter valued at approximately $50,000.

VanEck Gold Miners ETF Stock Down 6.1%

Shares of GDX stock opened at $93.26 on Monday. The firm has a market cap of $28.46 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 52-week low of $40.26 and a 52-week high of $117.18. The company’s 50 day moving average is $101.75 and its 200 day moving average is $85.54.

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.