Marathon Trading Investment Management LLC Purchases 89,000 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Marathon Trading Investment Management LLC grew its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 107.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 171,500 shares of the exchange traded fund’s stock after acquiring an additional 89,000 shares during the period. VanEck Gold Miners ETF accounts for approximately 0.3% of Marathon Trading Investment Management LLC’s investment portfolio, making the stock its 11th biggest holding. Marathon Trading Investment Management LLC’s holdings in VanEck Gold Miners ETF were worth $5,816,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Independent Advisor Alliance bought a new position in VanEck Gold Miners ETF during the fourth quarter worth $989,000. Johnson Investment Counsel Inc. grew its stake in VanEck Gold Miners ETF by 66.2% in the fourth quarter. Johnson Investment Counsel Inc. now owns 116,859 shares of the exchange traded fund’s stock valued at $3,963,000 after acquiring an additional 46,546 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of VanEck Gold Miners ETF by 71.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 19,900 shares of the exchange traded fund’s stock valued at $675,000 after acquiring an additional 8,300 shares in the last quarter. NBT Bank N A NY raised its position in shares of VanEck Gold Miners ETF by 9.3% during the fourth quarter. NBT Bank N A NY now owns 68,848 shares of the exchange traded fund’s stock worth $2,335,000 after purchasing an additional 5,863 shares during the period. Finally, Coordinated Financial Services Inc. bought a new position in shares of VanEck Gold Miners ETF in the 4th quarter worth $866,000.

VanEck Gold Miners ETF Trading Down 2.7 %

Shares of GDX stock opened at $40.51 on Tuesday. VanEck Gold Miners ETF has a 12 month low of $28.91 and a 12 month high of $44.22. The firm has a market capitalization of $13.63 billion, a PE ratio of 22.76 and a beta of 0.96. The firm has a fifty day simple moving average of $38.83 and a two-hundred day simple moving average of $38.66.

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.