659,000 Shares in VanEck Gold Miners ETF $GDX Acquired by MKP Capital Management L.L.C.

MKP Capital Management L.L.C. acquired a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 659,000 shares of the exchange traded fund’s stock, valued at approximately $57,860,000. VanEck Gold Miners ETF makes up about 1.7% of MKP Capital Management L.L.C.’s investment portfolio, making the stock its 13th biggest position. MKP Capital Management L.L.C. owned about 0.21% of VanEck Gold Miners ETF as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GDX. Avalon Trust Co acquired a new position in shares of VanEck Gold Miners ETF in the first quarter valued at about $26,000. Hickory Point Bank & Trust acquired a new stake in shares of VanEck Gold Miners ETF during the third quarter worth about $30,000. Signature Equity Partners LLC acquired a new stake in shares of VanEck Gold Miners ETF during the third quarter worth about $33,000. Eastern Bank acquired a new stake in shares of VanEck Gold Miners ETF during the third quarter worth about $53,000. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in VanEck Gold Miners ETF in the first quarter valued at approximately $67,000.

VanEck Gold Miners ETF Trading Down 5.4%

Shares of NYSEARCA:GDX opened at $86.49 on Wednesday. VanEck Gold Miners ETF has a twelve month low of $69.74 and a twelve month high of $117.18. The company’s 50 day moving average is $89.16 and its 200 day moving average is $90.19. The company has a market cap of $26.66 billion, a PE ratio of 21.70 and a beta of 0.70.

VanEck Gold Miners ETF Company Profile

The Fund seeks to match as closely as possible the price and yield performance of the MarketVector Global 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.