Verity Asset Management Inc. Acquires New Position in VanEck Gold Miners ETF $GDX

Verity Asset Management Inc. acquired a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 16,462 shares of the exchange traded fund’s stock, valued at approximately $1,445,000.

A number of other institutional investors have also recently made changes to their positions in the stock. PCG Wealth Advisors LLC boosted its position in VanEck Gold Miners ETF by 74.4% during the 2nd quarter. PCG Wealth Advisors LLC now owns 75,559 shares of the exchange traded fund’s stock valued at $5,701,000 after buying an additional 32,230 shares during the period. Axiom Investment Management LLC purchased a new position in shares of VanEck Gold Miners ETF in the first quarter valued at about $934,000. Ameritas Advisory Services LLC increased its position in shares of VanEck Gold Miners ETF by 315.7% in the second quarter. Ameritas Advisory Services LLC now owns 19,205 shares of the exchange traded fund’s stock valued at $1,449,000 after acquiring an additional 14,585 shares during the period. Angeles Wealth Management LLC raised its stake in shares of VanEck Gold Miners ETF by 171.4% during the second quarter. Angeles Wealth Management LLC now owns 9,500 shares of the exchange traded fund’s stock valued at $717,000 after acquiring an additional 6,000 shares during the last quarter. Finally, Rockland Trust Co. bought a new position in shares of VanEck Gold Miners ETF during the third quarter valued at about $515,000.

VanEck Gold Miners ETF Trading Up 9.0%

VanEck Gold Miners ETF stock opened at $84.59 on Thursday. The firm has a 50-day moving average of $90.22 and a 200-day moving average of $90.47. The firm has a market cap of $26.07 billion, a P/E ratio of 21.70 and a beta of 0.70. VanEck Gold Miners ETF has a 1-year low of $69.48 and a 1-year high of $117.18.

VanEck Gold Miners ETF 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.