Marathon Trading Investment Management LLC Lowers Stock Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Marathon Trading Investment Management LLC lowered its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 33.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,500 shares of the exchange traded fund’s stock after selling 40,650 shares during the quarter. VanEck Gold Miners ETF makes up 0.3% of Marathon Trading Investment Management LLC’s holdings, making the stock its 17th largest position. Marathon Trading Investment Management LLC’s holdings in VanEck Gold Miners ETF were worth $3,285,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in GDX. Beacon Capital Management LLC lifted its position in shares of VanEck Gold Miners ETF by 202.4% in the second quarter. Beacon Capital Management LLC now owns 747 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 500 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of VanEck Gold Miners ETF in the first quarter valued at approximately $28,000. Cedar Wealth Management LLC increased its holdings in shares of VanEck Gold Miners ETF by 63.4% in the second quarter. Cedar Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 339 shares during the last quarter. Aptus Capital Advisors LLC increased its holdings in shares of VanEck Gold Miners ETF by 53.0% in the third quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 329 shares during the last quarter. Finally, Eagle Bay Advisors LLC increased its holdings in shares of VanEck Gold Miners ETF by 95.8% in the second quarter. Eagle Bay Advisors LLC now owns 1,175 shares of the exchange traded fund’s stock valued at $40,000 after purchasing an additional 575 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

NYSEARCA:GDX opened at $35.51 on Friday. VanEck Gold Miners ETF has a one year low of $25.67 and a one year high of $44.22. The stock has a market cap of $14.20 billion, a PE ratio of 28.03 and a beta of 0.85. The stock has a 50 day moving average price of $39.87 and a 200 day moving average price of $37.39.

VanEck Gold Miners ETF 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.