Cavalier Investments LLC Has $2.86 Million Stake in VanEck Gold Miners ETF $GDX

Cavalier Investments LLC raised its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 33.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 37,901 shares of the exchange traded fund’s stock after acquiring an additional 9,589 shares during the period. VanEck Gold Miners ETF makes up 0.1% of Cavalier Investments LLC’s holdings, making the stock its 27th largest position. Cavalier Investments LLC’s holdings in VanEck Gold Miners ETF were worth $2,860,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its position in shares of VanEck Gold Miners ETF by 106.2% in 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 acquiring an additional 12,408 shares during the period. Invesco Ltd. bought a new stake in VanEck Gold Miners ETF in the second quarter valued at approximately $31,236,000. Natixis raised its holdings in VanEck Gold Miners ETF by 196.1% in the second quarter. Natixis now owns 26,748 shares of the exchange traded fund’s stock worth $1,393,000 after purchasing an additional 17,716 shares during the period. Qube Research & Technologies Ltd raised its holdings in 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 worth $1,894,000 after purchasing an additional 24,022 shares during the period. Finally, Quantinno Capital Management LP bought a new position in shares of VanEck Gold Miners ETF during the second quarter worth $846,000.

VanEck Gold Miners ETF Stock Down 1.1%

Shares of GDX stock opened at $98.51 on Tuesday. VanEck Gold Miners ETF has a 12-month low of $61.21 and a 12-month high of $117.18. The firm has a fifty day moving average of $82.68 and a 200-day moving average of $89.44. The firm has a market capitalization of $30.06 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65.

VanEck Gold Miners ETF Company Profile

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.