Group One Trading LLC Cuts Stake in VanEck Gold Miners ETF $GDX

Group One Trading LLC lessened its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 30.2% during the 1st quarter, Holdings Channel reports. The firm owned 187,327 shares of the exchange traded fund’s stock after selling 81,196 shares during the period. Group One Trading LLC’s holdings in VanEck Gold Miners ETF were worth $17,191,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in GDX. Redhawk Wealth Advisors Inc. lifted its stake in VanEck Gold Miners ETF by 1,433.6% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 94,010 shares of the exchange traded fund’s stock worth $8,063,000 after purchasing an additional 87,880 shares in the last quarter. Rit Capital Partners PLC grew its position in shares of VanEck Gold Miners ETF by 74.7% during the fourth quarter. Rit Capital Partners PLC now owns 1,197,000 shares of the exchange traded fund’s stock valued at $102,679,000 after purchasing an additional 512,000 shares in the last quarter. Cushing Capital Partners LLC grew its position in shares of VanEck Gold Miners ETF by 45.8% during the fourth quarter. Cushing Capital Partners LLC now owns 24,867 shares of the exchange traded fund’s stock valued at $2,133,000 after purchasing an additional 7,809 shares in the last quarter. MFA Wealth Services bought a new stake in shares of VanEck Gold Miners ETF in the fourth quarter worth about $510,000. Finally, Banque Pictet & Cie SA raised its holdings in shares of VanEck Gold Miners ETF by 13.9% during the 4th quarter. Banque Pictet & Cie SA now owns 83,500 shares of the exchange traded fund’s stock worth $7,162,000 after acquiring an additional 10,200 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

NYSEARCA GDX opened at $76.68 on Thursday. The stock has a 50 day moving average price of $80.30 and a 200-day moving average price of $91.38. VanEck Gold Miners ETF has a one year low of $51.37 and a one year high of $117.18. The company has a market capitalization of $23.42 billion, a P/E ratio of 21.70 and a beta of 0.65.

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.