Simplex Trading LLC Reduces Stock Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Simplex Trading LLC cut its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 32.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 314,070 shares of the exchange traded fund’s stock after selling 149,035 shares during the quarter. Simplex Trading LLC’s holdings in VanEck Gold Miners ETF were worth $10,650,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Roxbury Financial LLC purchased a new position in VanEck Gold Miners ETF in the 4th quarter worth $25,000. Eastern Bank purchased a new stake in VanEck Gold Miners ETF in the fourth quarter valued at approximately $25,000. Financial Connections Group Inc. acquired a new position in VanEck Gold Miners ETF in the 4th quarter worth approximately $25,000. Rothschild Investment LLC raised its position in VanEck Gold Miners ETF by 100.0% during the 4th quarter. Rothschild Investment LLC now owns 1,000 shares of the exchange traded fund’s stock worth $34,000 after buying an additional 500 shares during the last quarter. Finally, Millstone Evans Group LLC acquired a new stake in VanEck Gold Miners ETF during the 4th quarter valued at approximately $34,000.

VanEck Gold Miners ETF Stock Performance

NYSEARCA:GDX opened at $44.25 on Tuesday. The firm’s fifty day moving average is $40.60 and its two-hundred day moving average is $39.04. The firm has a market cap of $14.67 billion, a price-to-earnings ratio of 20.34 and a beta of 0.95. VanEck Gold Miners ETF has a one year low of $29.82 and a one year high of $45.65.

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.