Echo45 Advisors LLC Sells 5,577 Shares of VanEck Gold Miners ETF $GDX

Echo45 Advisors LLC lessened its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 12.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,234 shares of the exchange traded fund’s stock after selling 5,577 shares during the period. VanEck Gold Miners ETF comprises approximately 1.8% of Echo45 Advisors LLC’s holdings, making the stock its 18th largest holding. Echo45 Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $3,074,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of VanEck Gold Miners ETF by 766.7% during the second quarter. JPMorgan Chase & Co. now owns 3,977,932 shares of the exchange traded fund’s stock valued at $207,091,000 after buying an additional 4,574,598 shares during the period. Slate Path Capital LP bought a new stake in VanEck Gold Miners ETF in the second quarter valued at $123,070,000. Rafferty Asset Management LLC increased its position in VanEck Gold Miners ETF by 30.0% during the 2nd quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock valued at $338,966,000 after purchasing an additional 1,503,884 shares during the period. Meitav Investment House Ltd. raised its holdings in VanEck Gold Miners ETF by 3,846.2% in the 3rd quarter. Meitav Investment House Ltd. now owns 718,200 shares of the exchange traded fund’s stock worth $54,725,000 after purchasing an additional 700,000 shares in the last quarter. Finally, Parker Investment Management LLC bought a new position in VanEck Gold Miners ETF in the 3rd quarter worth $52,704,000.

VanEck Gold Miners ETF Trading Up 2.9%

Shares of GDX opened at $105.97 on Thursday. VanEck Gold Miners ETF has a 1-year low of $38.58 and a 1-year high of $113.50. The firm’s 50-day moving average price is $93.31 and its 200-day moving average price is $77.96. The firm has a market capitalization of $32.34 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.