Focus Partners Advisor Solutions LLC Sells 6,949 Shares of VanEck Gold Miners ETF $GDX

Focus Partners Advisor Solutions LLC cut its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 67.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,405 shares of the exchange traded fund’s stock after selling 6,949 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in VanEck Gold Miners ETF were worth $259,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rafferty Asset Management LLC increased its position in shares of VanEck Gold Miners ETF by 30.0% during the second quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock valued at $338,966,000 after acquiring an additional 1,503,884 shares in the last quarter. JPMorgan Chase & Co. lifted its position in VanEck Gold Miners ETF by 766.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,977,932 shares of the exchange traded fund’s stock valued at $207,091,000 after acquiring an additional 4,574,598 shares in the last quarter. Slate Path Capital LP bought a new position in VanEck Gold Miners ETF in the 2nd quarter valued at approximately $123,070,000. Pureheart Capital Pte Ltd. boosted its stake in VanEck Gold Miners ETF by 1.4% during the 2nd quarter. Pureheart Capital Pte Ltd. now owns 1,339,000 shares of the exchange traded fund’s stock valued at $69,708,000 after purchasing an additional 19,000 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in VanEck Gold Miners ETF by 4.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,051,138 shares of the exchange traded fund’s stock valued at $54,707,000 after purchasing an additional 48,546 shares during the last quarter.

VanEck Gold Miners ETF Trading Up 0.9%

VanEck Gold Miners ETF stock opened at $103.37 on Wednesday. VanEck Gold Miners ETF has a 12 month low of $40.26 and a 12 month high of $117.18. The stock has a fifty day simple moving average of $101.01 and a two-hundred day simple moving average of $84.76. The firm has a market cap of $31.54 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55.

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.