Van Eck has multiple arms - one is a managed mutual fund (IIG) and the other are the ETFs (GDX, GDXJ). The mutual fund was the one that sold out 8.5M (of 13M) and possibly sold the rest on Thu/Fri. ETF holdings only changed a little with rebalance weightings.
The mutual fund tends to be overweight in developers and has been in Bellevue for last few years. I've tracked the IIG holdings list and they have been well managed and picked a number of winners. One of the closest to the 'smart money' in the sector.
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