Ionic Capital Management LLC Decreases Holdings in VanEck Gold Miners ETF $GDX

Ionic Capital Management LLC trimmed its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 35.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 29,864 shares of the exchange traded fund’s stock after selling 16,127 shares during the quarter. VanEck Gold Miners ETF accounts for about 0.3% of Ionic Capital Management LLC’s holdings, making the stock its 15th biggest holding. Ionic Capital Management LLC’s holdings in VanEck Gold Miners ETF were worth $2,561,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Constant Guidance Financial LLC purchased a new stake in VanEck Gold Miners ETF during the 3rd quarter valued at about $1,433,000. Advisory Alpha LLC bought a new position in VanEck Gold Miners ETF during the 3rd quarter worth approximately $455,000. Vestmark Advisory Solutions Inc. purchased a new position in VanEck Gold Miners ETF in the 3rd quarter worth approximately $3,649,000. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in VanEck Gold Miners ETF in the 3rd quarter worth approximately $848,000. Finally, Redhawk Wealth Advisors Inc. lifted its position in VanEck Gold Miners ETF by 1,433.6% in the fourth 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 last quarter.

VanEck Gold Miners ETF Stock Performance

NYSEARCA:GDX opened at $84.36 on Thursday. VanEck Gold Miners ETF has a fifty-two week low of $50.32 and a fifty-two week high of $117.18. The firm has a market cap of $25.99 billion, a PE ratio of 21.70 and a beta of 0.60. The business has a 50 day moving average price of $89.71 and a 200-day moving average price of $93.01.

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.