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

Moore Capital Management LP reduced its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 25.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 180,368 shares of the exchange traded fund’s stock after selling 62,124 shares during the period. Moore Capital Management LP owned about 0.06% of VanEck Gold Miners ETF worth $13,780,000 at the end of the most recent quarter.

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

VanEck Gold Miners ETF Stock Up 1.2%

GDX opened at $94.38 on Tuesday. The firm’s fifty day simple moving average is $101.86 and its two-hundred day simple moving average is $85.77. VanEck Gold Miners ETF has a 52-week low of $40.26 and a 52-week high of $117.18. The company has a market cap of $28.80 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55.

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.