Polar Asset Management Partners Inc. Makes New $1.99 Million Investment in VanEck Gold Miners ETF (NYSEARCA:GDX)

Polar Asset Management Partners Inc. bought a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) during the third quarter, HoldingsChannel reports. The firm bought 50,000 shares of the exchange traded fund’s stock, valued at approximately $1,991,000.

Several other large investors have also modified their holdings of the stock. Maven Securities LTD increased its holdings in VanEck Gold Miners ETF by 1,444.9% in the third quarter. Maven Securities LTD now owns 141,096 shares of the exchange traded fund’s stock valued at $5,618,000 after buying an additional 131,963 shares during the last quarter. Independent Family Office LLC acquired a new position in shares of VanEck Gold Miners ETF in the 3rd quarter worth approximately $1,103,000. Ionic Capital Management LLC increased its holdings in shares of VanEck Gold Miners ETF by 5.3% in the 3rd quarter. Ionic Capital Management LLC now owns 59,270 shares of the exchange traded fund’s stock valued at $2,360,000 after acquiring an additional 3,000 shares during the last quarter. Atom Investors LP acquired a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter valued at approximately $695,000. Finally, B&L Asset Management LLC bought a new position in VanEck Gold Miners ETF during the third quarter worth $462,000.

VanEck Gold Miners ETF Price Performance

GDX stock opened at $37.53 on Friday. The firm has a market cap of $15.00 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 1-year low of $25.67 and a 1-year high of $44.22. The firm has a fifty day moving average price of $39.39 and a two-hundred day moving average price of $37.65.

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.