Brookstone Capital Management Sells 17,151 Shares of VanEck Gold Miners ETF $GDX

Brookstone Capital Management lessened its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 21.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 64,625 shares of the exchange traded fund’s stock after selling 17,151 shares during the quarter. Brookstone Capital Management’s holdings in VanEck Gold Miners ETF were worth $5,931,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its position in VanEck Gold Miners ETF by 106.2% during the first quarter. AQR Capital Management LLC now owns 24,088 shares of the exchange traded fund’s stock valued at $1,107,000 after acquiring an additional 12,408 shares during the last quarter. Invesco Ltd. bought a new position in shares of VanEck Gold Miners ETF in the 2nd quarter worth about $31,236,000. Natixis lifted its stake in shares of VanEck Gold Miners ETF by 196.1% in the 2nd quarter. Natixis now owns 26,748 shares of the exchange traded fund’s stock valued at $1,393,000 after purchasing an additional 17,716 shares during the period. Qube Research & Technologies Ltd lifted its stake in shares of VanEck Gold Miners ETF by 194.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 36,387 shares of the exchange traded fund’s stock valued at $1,894,000 after purchasing an additional 24,022 shares during the period. Finally, Quantinno Capital Management LP bought a new stake in shares of VanEck Gold Miners ETF during the 2nd quarter valued at about $846,000.

VanEck Gold Miners ETF Price Performance

NYSEARCA GDX opened at $77.66 on Wednesday. The stock has a market capitalization of $23.93 billion, a P/E ratio of 21.70 and a beta of 0.60. The business has a 50 day simple moving average of $88.37 and a 200 day simple moving average of $92.98. VanEck Gold Miners ETF has a one year low of $50.32 and a one year high of $117.18.

VanEck Gold Miners ETF Company Profile

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.