Balefire LLC Cuts Position in VanEck Gold Miners ETF $GDX

Balefire LLC cut its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 14.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,113 shares of the exchange traded fund’s stock after selling 7,747 shares during the period. Balefire LLC’s holdings in VanEck Gold Miners ETF were worth $3,869,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. KFA Private Wealth Group LLC grew its stake in VanEck Gold Miners ETF by 2.7% in the 4th quarter. KFA Private Wealth Group LLC now owns 4,454 shares of the exchange traded fund’s stock valued at $382,000 after purchasing an additional 117 shares during the period. Highline Wealth Partners LLC increased its position in shares of VanEck Gold Miners ETF by 45.0% during the 3rd quarter. Highline Wealth Partners LLC now owns 435 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 135 shares during the last quarter. Chemistry Wealth Management LLC raised its stake in shares of VanEck Gold Miners ETF by 1.0% during the 3rd quarter. Chemistry Wealth Management LLC now owns 13,909 shares of the exchange traded fund’s stock worth $1,063,000 after purchasing an additional 136 shares during the period. Sound Income Strategies LLC raised its stake in shares of VanEck Gold Miners ETF by 1.7% during the 3rd quarter. Sound Income Strategies LLC now owns 10,140 shares of the exchange traded fund’s stock worth $767,000 after purchasing an additional 169 shares during the period. Finally, Golden State Wealth Management LLC boosted its holdings in shares of VanEck Gold Miners ETF by 7.0% in the 3rd quarter. Golden State Wealth Management LLC now owns 2,583 shares of the exchange traded fund’s stock worth $197,000 after buying an additional 169 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA:GDX opened at $83.50 on Wednesday. The company has a market capitalization of $25.48 billion, a P/E ratio of 21.70 and a beta of 0.55. The company’s 50-day moving average is $100.91 and its 200 day moving average is $86.65. VanEck Gold Miners ETF has a fifty-two week low of $40.26 and a fifty-two week high of $117.18.

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.