Avalon Capital Management Raises Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Avalon Capital Management boosted its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDXFree Report) by 3.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 297,780 shares of the exchange traded fund’s stock after buying an additional 10,947 shares during the period. VanEck Gold Miners ETF makes up about 3.9% of Avalon Capital Management’s investment portfolio, making the stock its 7th largest holding. Avalon Capital Management owned 0.07% of VanEck Gold Miners ETF worth $9,416,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new stake in shares of VanEck Gold Miners ETF during the fourth quarter valued at approximately $26,000. Atwood & Palmer Inc. bought a new stake in shares of VanEck Gold Miners ETF in the 1st quarter worth $27,000. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of VanEck Gold Miners ETF in the fourth quarter worth $32,000. Family Asset Management LLC bought a new position in shares of VanEck Gold Miners ETF during the fourth quarter valued at $38,000. Finally, Mather Group LLC. purchased a new position in VanEck Gold Miners ETF in the 1st quarter worth about $42,000.

VanEck Gold Miners ETF Stock Down 0.9 %

GDX traded down $0.30 during midday trading on Friday, hitting $33.93. 15,818,736 shares of the company traded hands, compared to its average volume of 24,682,875. The company’s 50-day moving average is $34.53 and its 200 day moving average is $31.38. VanEck Gold Miners ETF has a 52 week low of $25.62 and a 52 week high of $37.47. The firm has a market capitalization of $13.56 billion, a PE ratio of 28.03 and a beta of 0.85.

VanEck Gold Miners ETF Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for VanEck Gold Miners ETF (NYSEARCA:GDX)

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