Ionic Capital Management LLC decreased its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 35.1% in the fourth quarter, HoldingsChannel reports. The firm owned 29,864 shares of the exchange traded fund’s stock after selling 16,127 shares during the quarter. VanEck Gold Miners ETF makes up 0.3% of Ionic Capital Management LLC’s investment portfolio, making the stock its 15th biggest position. Ionic Capital Management LLC’s holdings in VanEck Gold Miners ETF were worth $2,561,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Constant Guidance Financial LLC bought a new position in shares of VanEck Gold Miners ETF during the third quarter valued at approximately $1,433,000. Advisory Alpha LLC bought a new stake in VanEck Gold Miners ETF in the third quarter valued at $455,000. Vestmark Advisory Solutions Inc. bought a new stake in VanEck Gold Miners ETF in the third quarter valued at $3,649,000. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in VanEck Gold Miners ETF during the 3rd quarter valued at $848,000. Finally, Redhawk Wealth Advisors Inc. increased its position in VanEck Gold Miners ETF by 1,433.6% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 94,010 shares of the exchange traded fund’s stock valued at $8,063,000 after purchasing an additional 87,880 shares during the period.
VanEck Gold Miners ETF Trading Down 3.3%
Shares of NYSEARCA GDX opened at $84.36 on Thursday. The firm has a fifty day simple moving average of $89.71 and a two-hundred day simple moving average of $93.01. VanEck Gold Miners ETF has a 12 month low of $50.32 and a 12 month high of $117.18. The firm has a market capitalization of $25.99 billion, a PE ratio of 21.70 and a beta of 0.60.
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.
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