Brookstone Capital Management Sells 36,129 Shares of VanEck Gold Miners ETF $GDX

Brookstone Capital Management lowered its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 30.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 81,776 shares of the exchange traded fund’s stock after selling 36,129 shares during the quarter. Brookstone Capital Management’s holdings in VanEck Gold Miners ETF were worth $7,014,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GDX. AQR Capital Management LLC increased its stake in shares of VanEck Gold Miners ETF by 106.2% in the first quarter. AQR Capital Management LLC now owns 24,088 shares of the exchange traded fund’s stock worth $1,107,000 after purchasing an additional 12,408 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in VanEck Gold Miners ETF by 144.6% in the 2nd quarter. Hsbc Holdings PLC now owns 40,320 shares of the exchange traded fund’s stock worth $2,099,000 after buying an additional 130,765 shares during the period. OMERS ADMINISTRATION Corp bought a new position in VanEck Gold Miners ETF in the 2nd quarter worth approximately $343,000. Beacon Pointe Advisors LLC grew its stake in VanEck Gold Miners ETF by 1.0% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 109,757 shares of the exchange traded fund’s stock valued at $5,714,000 after buying an additional 1,041 shares in the last quarter. Finally, Invesco Ltd. purchased a new position in VanEck Gold Miners ETF in the 2nd quarter valued at approximately $31,236,000.

VanEck Gold Miners ETF Price Performance

Shares of GDX stock opened at $96.01 on Thursday. The stock has a market capitalization of $29.30 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. The company’s fifty day simple moving average is $99.63 and its two-hundred day simple moving average is $87.34. VanEck Gold Miners ETF has a 1 year low of $40.26 and a 1 year 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.