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

Marathon Trading Investment Management LLC trimmed its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 61.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 SEC filing.

Several other hedge funds also recently modified their holdings of GDX. Constant Guidance Financial LLC bought a new stake in VanEck Gold Miners ETF in the third quarter worth $1,433,000. Tradewinds LLC. bought a new position in VanEck Gold Miners ETF during the third quarter valued at about $1,568,000. EverSource Wealth Advisors LLC raised its holdings in VanEck Gold Miners ETF by 15.6% during the third quarter. EverSource Wealth Advisors LLC now owns 35,422 shares of the exchange traded fund’s stock valued at $2,706,000 after buying an additional 4,778 shares in the last quarter. Trek Financial LLC lifted its position in shares of VanEck Gold Miners ETF by 43.4% in the third quarter. Trek Financial LLC now owns 34,645 shares of the exchange traded fund’s stock worth $2,647,000 after buying an additional 10,488 shares during the last quarter. Finally, Advisory Alpha LLC acquired a new stake in shares of VanEck Gold Miners ETF in the third quarter worth about $455,000.

VanEck Gold Miners ETF Stock Performance

GDX opened at $103.37 on Wednesday. The company has a market cap of $31.54 billion, a PE ratio of 21.70 and a beta of 0.55. The stock has a 50-day moving average of $101.01 and a 200-day moving average of $84.76. VanEck Gold Miners ETF has a 52-week low of $40.26 and a 52-week high of $117.18.

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.