Kercheville Advisors LLC Reduces Stock Holdings in VanEck Gold Miners ETF $GDX

Kercheville Advisors LLC decreased its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 7.6% in the third quarter, Holdings Channel.com reports. The firm owned 167,389 shares of the exchange traded fund’s stock after selling 13,701 shares during the period. VanEck Gold Miners ETF comprises 3.9% of Kercheville Advisors LLC’s portfolio, making the stock its 8th largest holding. Kercheville Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $12,789,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Ethos Financial Group LLC purchased a new position in shares of VanEck Gold Miners ETF in the 2nd quarter worth $309,000. American National Bank & Trust purchased a new position in VanEck Gold Miners ETF in the second quarter worth about $68,000. Catalyst Funds Management Pty Ltd purchased a new position in VanEck Gold Miners ETF in the second quarter worth about $10,277,000. Johnson Investment Counsel Inc. grew its stake in shares of VanEck Gold Miners ETF by 32.2% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 158,387 shares of the exchange traded fund’s stock valued at $8,246,000 after purchasing an additional 38,615 shares during the period. Finally, Capital Markets Trading UK LLP purchased a new stake in shares of VanEck Gold Miners ETF during the 2nd quarter valued at about $3,604,000.

VanEck Gold Miners ETF Trading Down 0.0%

GDX opened at $85.73 on Monday. The company’s 50 day moving average is $80.11 and its 200 day moving average is $68.92. The company has a market cap of $25.76 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 12-month low of $34.52 and a 12-month high of $91.67.

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.