Marathon Capital Management Acquires New Holdings in VanEck Gold Miners ETF $GDX

Marathon Capital Management purchased a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) during the 2nd quarter, Holdings Channel reports. The fund purchased 21,571 shares of the exchange traded fund’s stock, valued at approximately $1,123,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. North Forty Two & Co. increased its position in VanEck Gold Miners ETF by 4.1% during the second quarter. North Forty Two & Co. now owns 5,100 shares of the exchange traded fund’s stock worth $266,000 after buying an additional 200 shares in the last quarter. Aspect Partners LLC boosted its stake in shares of VanEck Gold Miners ETF by 3.9% during the second quarter. Aspect Partners LLC now owns 5,572 shares of the exchange traded fund’s stock valued at $290,000 after acquiring an additional 208 shares during the last quarter. Hoey Investments Inc. increased its position in VanEck Gold Miners ETF by 71.0% during the 2nd quarter. Hoey Investments Inc. now owns 513 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 213 shares in the last quarter. Golden State Wealth Management LLC raised its stake in VanEck Gold Miners ETF by 10.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 2,414 shares of the exchange traded fund’s stock valued at $126,000 after purchasing an additional 220 shares during the last quarter. Finally, CreativeOne Wealth LLC lifted its holdings in VanEck Gold Miners ETF by 2.0% in the 1st quarter. CreativeOne Wealth LLC now owns 11,428 shares of the exchange traded fund’s stock valued at $525,000 after purchasing an additional 225 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

VanEck Gold Miners ETF stock opened at $83.32 on Thursday. The stock has a market capitalization of $25.02 billion, a P/E ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 12-month low of $33.42 and a 12-month high of $85.08. The firm’s 50-day moving average is $76.78 and its two-hundred day moving average is $64.64.

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.