Marathon Trading Investment Management LLC Takes Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Marathon Trading Investment Management LLC acquired a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 123,150 shares of the exchange traded fund’s stock, valued at approximately $4,178,000. VanEck Gold Miners ETF comprises approximately 0.3% of Marathon Trading Investment Management LLC’s investment portfolio, making the stock its 18th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of GDX. Beacon Capital Management LLC lifted its stake in VanEck Gold Miners ETF by 202.4% during the second quarter. Beacon Capital Management LLC now owns 747 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 500 shares in the last quarter. Atwood & Palmer Inc. purchased a new stake in shares of VanEck Gold Miners ETF in the 1st quarter valued at $27,000. LRI Investments LLC acquired a new position in VanEck Gold Miners ETF during the 1st quarter worth about $28,000. Eagle Bay Advisors LLC boosted its holdings in VanEck Gold Miners ETF by 95.8% during the 2nd quarter. Eagle Bay Advisors LLC now owns 1,175 shares of the exchange traded fund’s stock valued at $40,000 after acquiring an additional 575 shares during the period. Finally, Studio Investment Management LLC grew its position in VanEck Gold Miners ETF by 51.4% in the 2nd quarter. Studio Investment Management LLC now owns 1,202 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 408 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of GDX opened at $39.06 on Thursday. The company’s 50-day simple moving average is $37.72 and its 200-day simple moving average is $34.92. VanEck Gold Miners ETF has a 1 year low of $25.62 and a 1 year high of $40.99. The stock has a market capitalization of $15.61 billion, a PE ratio of 28.03 and a beta of 0.85.

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.