Ionic Capital Management LLC Purchases 3,000 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Ionic Capital Management LLC increased its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 5.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 59,270 shares of the exchange traded fund’s stock after acquiring an additional 3,000 shares during the quarter. Ionic Capital Management LLC’s holdings in VanEck Gold Miners ETF were worth $2,360,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Atom Investors LP purchased a new position in shares of VanEck Gold Miners ETF in the third quarter valued at $695,000. B&L Asset Management LLC purchased a new stake in VanEck Gold Miners ETF during the 3rd quarter valued at $462,000. Encompass More Asset Management purchased a new position in VanEck Gold Miners ETF during the third quarter valued at approximately $1,833,000. Caisse DE Depot ET Placement DU Quebec boosted its stake in VanEck Gold Miners ETF by 70.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,839,319 shares of the exchange traded fund’s stock valued at $73,242,000 after buying an additional 760,722 shares during the last quarter. Finally, Captrust Financial Advisors boosted its stake in shares of VanEck Gold Miners ETF by 1.1% during the 3rd quarter. Captrust Financial Advisors now owns 272,762 shares of the exchange traded fund’s stock worth $10,861,000 after purchasing an additional 2,922 shares during the period.

VanEck Gold Miners ETF Trading Down 2.2 %

NYSEARCA GDX opened at $36.82 on Tuesday. VanEck Gold Miners ETF has a 12-month low of $25.67 and a 12-month high of $44.22. The firm’s fifty day simple moving average is $39.61 and its two-hundred day simple moving average is $37.63. The firm has a market capitalization of $14.72 billion, a P/E ratio of 28.03 and a beta of 0.85.

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.