Virtu Financial LLC decreased its holdings in shares of VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) by 96.8% in the 4th quarter, HoldingsChannel reports. The firm owned 86,917 shares of the exchange traded fund’s stock after selling 2,669,049 shares during the period. Virtu Financial LLC’s holdings in VanEck Vectors Gold Miners ETF were worth $2,020,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of GDX. Bessemer Group Inc. purchased a new position in shares of VanEck Vectors Gold Miners ETF during the third quarter worth about $211,361,000. MD Financial Management Inc. purchased a new stake in VanEck Vectors Gold Miners ETF in the fourth quarter worth approximately $50,598,000. Graham Capital Management L.P. boosted its stake in VanEck Vectors Gold Miners ETF by 137.1% in the third quarter. Graham Capital Management L.P. now owns 1,541,258 shares of the exchange traded fund’s stock worth $35,387,000 after buying an additional 891,258 shares in the last quarter. Mizuho Securities USA LLC purchased a new stake in VanEck Vectors Gold Miners ETF in the third quarter worth approximately $17,220,000. Finally, Forward Management LLC purchased a new stake in VanEck Vectors Gold Miners ETF in the fourth quarter worth approximately $16,649,000.
Shares of VanEck Vectors Gold Miners ETF (GDX) opened at $22.51 on Tuesday. The stock has a market capitalization of $7,640.00 and a P/E ratio of -7.01. VanEck Vectors Gold Miners ETF has a 52 week low of $20.83 and a 52 week high of $25.58.
ILLEGAL ACTIVITY WARNING: This article was posted by Community Financial News and is owned by of Community Financial News. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright law. The correct version of this article can be viewed at https://www.com-unik.info/2018/02/20/vaneck-vectors-gold-miners-etf-gdx-stake-lowered-by-virtu-financial-llc.html.
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.
Want to see what other hedge funds are holding GDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Vectors Gold Miners ETF (NYSEARCA:GDX).
Receive News & Ratings for VanEck Vectors Gold Miners ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Vectors Gold Miners ETF and related companies with MarketBeat.com's FREE daily email newsletter.