VanEck Gold Miners ETF $GDX is Menlo Advisors LLC’s 6th Largest Position

Menlo Advisors LLC trimmed its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 27.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 165,992 shares of the exchange traded fund’s stock after selling 61,874 shares during the quarter. VanEck Gold Miners ETF accounts for about 5.6% of Menlo Advisors LLC’s holdings, making the stock its 6th largest position. Menlo Advisors LLC owned about 0.05% of VanEck Gold Miners ETF worth $12,524,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GDX. AQR Capital Management LLC grew its holdings in VanEck Gold Miners ETF by 106.2% during the 1st quarter. AQR Capital Management LLC now owns 24,088 shares of the exchange traded fund’s stock valued at $1,107,000 after buying an additional 12,408 shares in the last quarter. Invesco Ltd. bought a new position in shares of VanEck Gold Miners ETF in the second quarter valued at approximately $31,236,000. Natixis boosted its position in shares of VanEck Gold Miners ETF by 196.1% in the second quarter. Natixis now owns 26,748 shares of the exchange traded fund’s stock valued at $1,393,000 after acquiring an additional 17,716 shares during the period. Qube Research & Technologies Ltd boosted its position in shares of VanEck Gold Miners ETF by 194.3% in the second quarter. Qube Research & Technologies Ltd now owns 36,387 shares of the exchange traded fund’s stock valued at $1,894,000 after acquiring an additional 24,022 shares during the period. Finally, Quantinno Capital Management LP purchased a new position in VanEck Gold Miners ETF during the second quarter valued at approximately $846,000.

VanEck Gold Miners ETF Trading Down 3.5%

Shares of NYSEARCA:GDX opened at $96.03 on Friday. The company has a 50 day moving average of $86.21 and a 200 day moving average of $89.16. The stock has a market cap of $29.30 billion, a P/E ratio of 21.70 and a beta of 0.70. VanEck Gold Miners ETF has a 12 month low of $67.25 and a 12 month 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 MarketVector Global 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.