GenTrust LLC Reduces Stake in Market Vectors Gold Miners ETF (NYSE:GDX)

GenTrust LLC decreased its position in shares of Market Vectors Gold Miners ETF (NYSE:GDX) by 85.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 164,388 shares of the exchange traded fund’s stock after selling 961,507 shares during the period. Market Vectors Gold Miners ETF makes up 0.7% of GenTrust LLC’s portfolio, making the stock its 24th largest position. GenTrust LLC’s holdings in Market Vectors Gold Miners ETF were worth $3,630,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in GDX. Blue Sky Asset Management LLC increased its stake in shares of Market Vectors Gold Miners ETF by 238.8% in the second quarter. Blue Sky Asset Management LLC now owns 70,345 shares of the exchange traded fund’s stock worth $1,553,000 after buying an additional 49,585 shares during the period. HL Financial Services LLC increased its stake in shares of Market Vectors Gold Miners ETF by 9.6% in the second quarter. HL Financial Services LLC now owns 72,609 shares of the exchange traded fund’s stock worth $1,603,000 after buying an additional 6,343 shares during the period. Edge Wealth Management LLC increased its stake in shares of Market Vectors Gold Miners ETF by 22,623.3% in the second quarter. Edge Wealth Management LLC now owns 6,817 shares of the exchange traded fund’s stock worth $147,000 after buying an additional 6,787 shares during the period. Lockheed Martin Investment Management Co. bought a new stake in shares of Market Vectors Gold Miners ETF during the second quarter worth approximately $3,312,000. Finally, Janney Montgomery Scott LLC raised its stake in Market Vectors Gold Miners ETF by 9.3% in the second quarter. Janney Montgomery Scott LLC now owns 68,231 shares of the exchange traded fund’s stock worth $1,507,000 after buying an additional 5,792 shares during the last quarter.

Market Vectors Gold Miners ETF (NYSE:GDX) traded down 0.43% during mid-day trading on Friday, hitting $22.93. The stock had a trading volume of 55,746,979 shares. The company has a 50-day moving average price of $22.32 and a 200 day moving average price of $22.85. Market Vectors Gold Miners ETF has a 1-year low of $18.58 and a 1-year high of $29.77. Market Vectors Gold Miners ETF also was the target of unusually large options trading activity on Wednesday. Traders bought 15,908 call options on the company. This represents an increase of 141% compared to the average daily volume of 6,601 call options.

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Market Vectors Gold Miners ETF Company Profile

Institutional Ownership by Quarter for Market Vectors Gold Miners ETF (NYSE:GDX)

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