Moore Capital Management LP Cuts Stock Holdings in VanEck Gold Miners ETF $GDX

Moore Capital Management LP lessened its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 25.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 180,368 shares of the exchange traded fund’s stock after selling 62,124 shares during the quarter. Moore Capital Management LP’s holdings in VanEck Gold Miners ETF were worth $13,780,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GDX. New Republic Capital LLC purchased a new stake in shares of VanEck Gold Miners ETF during the third quarter worth approximately $29,000. Highline Wealth Partners LLC raised its stake in VanEck Gold Miners ETF by 45.0% in the 3rd quarter. Highline Wealth Partners LLC now owns 435 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 135 shares during the last quarter. Family Management Corp purchased a new position in VanEck Gold Miners ETF in the 3rd quarter valued at $38,000. Tradewinds Capital Management LLC lifted its holdings in VanEck Gold Miners ETF by 162.5% in the 3rd quarter. Tradewinds Capital Management LLC now owns 525 shares of the exchange traded fund’s stock valued at $40,000 after purchasing an additional 325 shares in the last quarter. Finally, Activest Wealth Management acquired a new stake in VanEck Gold Miners ETF during the 3rd quarter worth $50,000.

VanEck Gold Miners ETF Stock Up 1.2%

VanEck Gold Miners ETF stock opened at $94.38 on Tuesday. VanEck Gold Miners ETF has a 52-week low of $40.26 and a 52-week high of $117.18. The firm has a market capitalization of $28.80 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. The company has a fifty day simple moving average of $101.86 and a 200-day simple moving average of $85.77.

VanEck Gold Miners ETF 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.