Marathon Trading Investment Management LLC Boosts Stake in VanEck Gold Miners ETF (NYSEARCA:GDX)

Marathon Trading Investment Management LLC lifted its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 107.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 171,500 shares of the exchange traded fund’s stock after acquiring an additional 89,000 shares during the quarter. VanEck Gold Miners ETF comprises approximately 0.3% of Marathon Trading Investment Management LLC’s holdings, making the stock its 11th biggest position. Marathon Trading Investment Management LLC’s holdings in VanEck Gold Miners ETF were worth $5,816,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in VanEck Gold Miners ETF by 3.2% in the third quarter. JPMorgan Chase & Co. now owns 9,527,798 shares of the exchange traded fund’s stock worth $379,397,000 after acquiring an additional 294,034 shares during the period. Proficio Capital Partners LLC raised its holdings in shares of VanEck Gold Miners ETF by 1,116.3% in the 4th quarter. Proficio Capital Partners LLC now owns 2,144,108 shares of the exchange traded fund’s stock worth $72,707,000 after purchasing an additional 1,967,832 shares during the period. Quadrature Capital Ltd bought a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter worth approximately $76,065,000. Raymond James Financial Inc. purchased a new position in VanEck Gold Miners ETF in the fourth quarter valued at approximately $64,425,000. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in VanEck Gold Miners ETF by 70.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,839,319 shares of the exchange traded fund’s stock valued at $73,242,000 after purchasing an additional 760,722 shares during the period.

VanEck Gold Miners ETF Price Performance

Shares of GDX opened at $40.51 on Tuesday. VanEck Gold Miners ETF has a 1 year low of $28.91 and a 1 year high of $44.22. The stock’s fifty day moving average price is $38.83 and its two-hundred day moving average price is $38.66. The firm has a market cap of $13.63 billion, a PE ratio of 22.76 and a beta of 0.96.

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.