Balefire LLC Trims Holdings in VanEck Gold Miners ETF $GDX

Balefire LLC trimmed its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 37.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,225 shares of the exchange traded fund’s stock after selling 16,888 shares during the quarter. Balefire LLC’s holdings in VanEck Gold Miners ETF were worth $2,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. AQR Capital Management LLC lifted its holdings in shares of VanEck Gold Miners ETF by 106.2% during the first quarter. AQR Capital Management LLC now owns 24,088 shares of the exchange traded fund’s stock valued at $1,107,000 after purchasing an additional 12,408 shares during the last quarter. Invesco Ltd. purchased a new stake in shares of VanEck Gold Miners ETF in the 2nd quarter worth approximately $31,236,000. Natixis grew its stake in shares of VanEck Gold Miners ETF by 196.1% in the 2nd quarter. Natixis now owns 26,748 shares of the exchange traded fund’s stock worth $1,393,000 after buying an additional 17,716 shares during the last quarter. Qube Research & Technologies Ltd increased its position in VanEck Gold Miners ETF by 194.3% during the 2nd quarter. Qube Research & Technologies Ltd now owns 36,387 shares of the exchange traded fund’s stock valued at $1,894,000 after buying an additional 24,022 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new position in VanEck Gold Miners ETF during the 2nd quarter valued at approximately $846,000.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA:GDX opened at $71.32 on Monday. The stock has a fifty day simple moving average of $81.69 and a two-hundred day simple moving average of $91.64. VanEck Gold Miners ETF has a 12-month low of $51.12 and a 12-month high of $117.18. The stock has a market capitalization of $21.78 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65.

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.