Alaska Permanent Fund Corp Has $105.87 Million Stake in VanEck Gold Miners ETF (NYSEARCA:GDX)

Alaska Permanent Fund Corp lowered its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 29.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,658,668 shares of the exchange traded fund’s stock after selling 1,118,968 shares during the period. VanEck Gold Miners ETF makes up approximately 1.6% of Alaska Permanent Fund Corp’s portfolio, making the stock its 15th biggest holding. Alaska Permanent Fund Corp owned about 0.67% of VanEck Gold Miners ETF worth $105,868,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in GDX. Morton Capital Management LLC CA lifted its position in shares of VanEck Gold Miners ETF by 0.3% during the 2nd quarter. Morton Capital Management LLC CA now owns 88,622 shares of the exchange traded fund’s stock worth $3,007,000 after buying an additional 287 shares in the last quarter. Mather Group LLC. raised its holdings in shares of VanEck Gold Miners ETF by 21.3% in the 2nd quarter. Mather Group LLC. now owns 1,638 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 288 shares during the period. Cedar Wealth Management LLC raised its holdings in shares of VanEck Gold Miners ETF by 63.4% in the 2nd quarter. Cedar Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 339 shares during the period. IAM Advisory LLC raised its holdings in shares of VanEck Gold Miners ETF by 0.7% in the 2nd quarter. IAM Advisory LLC now owns 48,789 shares of the exchange traded fund’s stock worth $1,655,000 after purchasing an additional 341 shares during the period. Finally, Foundations Investment Advisors LLC raised its holdings in shares of VanEck Gold Miners ETF by 3.7% in the 2nd quarter. Foundations Investment Advisors LLC now owns 10,134 shares of the exchange traded fund’s stock worth $344,000 after purchasing an additional 366 shares during the period.

VanEck Gold Miners ETF Trading Down 1.2 %

NYSEARCA:GDX opened at $42.74 on Thursday. The stock has a market capitalization of $17.09 billion, a PE ratio of 28.03 and a beta of 0.85. The firm’s 50 day moving average is $39.62 and its 200 day moving average is $36.75. VanEck Gold Miners ETF has a 12 month low of $25.67 and a 12 month high of $44.22.

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.