Moore Capital Management LP Has $22.43 Million Stake in VanEck Gold Miners ETF $GDX

Moore Capital Management LP boosted its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 45.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 261,556 shares of the exchange traded fund’s stock after buying an additional 81,188 shares during the period. Moore Capital Management LP’s holdings in VanEck Gold Miners ETF were worth $22,434,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of GDX. Eukles Asset Management acquired a new position in VanEck Gold Miners ETF in the fourth quarter valued at $27,000. Morton Brown Family Wealth LLC acquired a new position in VanEck Gold Miners ETF in the fourth quarter valued at $36,000. Family Management Corp acquired a new position in VanEck Gold Miners ETF in the third quarter valued at $38,000. Hantz Financial Services Inc. lifted its holdings in VanEck Gold Miners ETF by 298.2% in the fourth quarter. Hantz Financial Services Inc. now owns 450 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 337 shares during the period. Finally, Greykasell Wealth Strategies Inc. bought a new stake in VanEck Gold Miners ETF in the fourth quarter valued at $51,000.

VanEck Gold Miners ETF Trading Down 3.3%

GDX opened at $84.36 on Thursday. VanEck Gold Miners ETF has a 1-year low of $50.32 and a 1-year high of $117.18. The company has a market cap of $25.99 billion, a P/E ratio of 21.70 and a beta of 0.60. The company has a fifty day moving average price of $89.71 and a two-hundred day moving average price of $93.01.

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.