Marathon Trading Investment Management LLC Sells 12,125 Shares of VanEck Gold Miners ETF $GDX

Marathon Trading Investment Management LLC lessened its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 61.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,750 shares of the exchange traded fund’s stock after selling 12,125 shares during the period. Marathon Trading Investment Management LLC’s holdings in VanEck Gold Miners ETF were worth $592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of GDX. Wakefield Asset Management LLLP increased its stake in shares of VanEck Gold Miners ETF by 1.6% in the third quarter. Wakefield Asset Management LLLP now owns 34,546 shares of the exchange traded fund’s stock worth $2,639,000 after purchasing an additional 530 shares during the period. Gordian Capital Singapore Pte Ltd acquired a new stake in VanEck Gold Miners ETF in the 3rd quarter valued at approximately $1,375,000. Franklin Resources Inc. grew its holdings in VanEck Gold Miners ETF by 19.1% in the 3rd quarter. Franklin Resources Inc. now owns 132,107 shares of the exchange traded fund’s stock valued at $10,093,000 after buying an additional 21,150 shares during the last quarter. Van ECK Associates Corp increased its position in VanEck Gold Miners ETF by 20.4% in the 3rd quarter. Van ECK Associates Corp now owns 76,315 shares of the exchange traded fund’s stock worth $5,830,000 after buying an additional 12,928 shares during the period. Finally, Tiemann Investment Advisors LLC bought a new position in VanEck Gold Miners ETF in the 3rd quarter worth approximately $243,000.

VanEck Gold Miners ETF Trading Up 0.9%

GDX opened at $103.37 on Wednesday. The business has a 50 day moving average of $101.01 and a 200-day moving average of $84.76. The stock has a market capitalization of $31.54 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 1-year low of $40.26 and a 1-year high of $117.18.

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.