Maven Securities LTD Reduces Stock Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Maven Securities LTD reduced its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 80.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,153 shares of the exchange traded fund’s stock after selling 113,943 shares during the period. Maven Securities LTD’s holdings in VanEck Gold Miners ETF were worth $921,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in GDX. Eastern Bank purchased a new position in VanEck Gold Miners ETF in the fourth quarter valued at approximately $25,000. Financial Connections Group Inc. purchased a new position in shares of VanEck Gold Miners ETF during the fourth quarter worth approximately $25,000. Roxbury Financial LLC purchased a new position in shares of VanEck Gold Miners ETF during the fourth quarter worth approximately $25,000. Rothschild Investment LLC grew its position in shares of VanEck Gold Miners ETF by 100.0% during the fourth quarter. Rothschild Investment LLC now owns 1,000 shares of the exchange traded fund’s stock worth $34,000 after acquiring an additional 500 shares during the last quarter. Finally, Millstone Evans Group LLC purchased a new position in shares of VanEck Gold Miners ETF during the fourth quarter worth approximately $34,000.

VanEck Gold Miners ETF Trading Down 0.2%

Shares of GDX opened at $46.54 on Wednesday. The firm has a market cap of $14.10 billion, a PE ratio of 19.65 and a beta of 0.57. The company’s 50 day simple moving average is $46.50 and its 200-day simple moving average is $40.97. VanEck Gold Miners ETF has a 12-month low of $32.84 and a 12-month high of $53.25.

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.