Verger Capital Management LLC Sells 7,215 Shares of VanEck Gold Miners ETF $GDX

Verger Capital Management LLC cut its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 24.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,131 shares of the exchange traded fund’s stock after selling 7,215 shares during the period. VanEck Gold Miners ETF comprises approximately 0.5% of Verger Capital Management LLC’s investment portfolio, making the stock its 13th biggest position. Verger Capital Management LLC’s holdings in VanEck Gold Miners ETF were worth $1,152,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. LPL Financial LLC lifted its stake in VanEck Gold Miners ETF by 2.3% during the first quarter. LPL Financial LLC now owns 3,594,251 shares of the exchange traded fund’s stock worth $165,228,000 after purchasing an additional 80,785 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in VanEck Gold Miners ETF by 7,098.1% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,080,392 shares of the exchange traded fund’s stock worth $94,731,000 after purchasing an additional 2,051,490 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in VanEck Gold Miners ETF by 3,010.4% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,938,221 shares of the exchange traded fund’s stock worth $89,100,000 after purchasing an additional 1,875,906 shares during the last quarter. National Bank of Canada FI lifted its stake in VanEck Gold Miners ETF by 8,656.1% during the first quarter. National Bank of Canada FI now owns 1,376,192 shares of the exchange traded fund’s stock worth $63,264,000 after purchasing an additional 1,360,475 shares during the last quarter. Finally, New Harbor Financial Group LLC lifted its stake in VanEck Gold Miners ETF by 51.9% during the first quarter. New Harbor Financial Group LLC now owns 1,155,787 shares of the exchange traded fund’s stock worth $53,132,000 after purchasing an additional 394,744 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

NYSEARCA GDX opened at $75.78 on Friday. The business has a fifty day moving average price of $66.58 and a two-hundred day moving average price of $55.77. VanEck Gold Miners ETF has a fifty-two week low of $33.42 and a fifty-two week high of $79.49. The stock has a market capitalization of $22.13 billion, a PE ratio of 21.70 and a beta of 0.77.

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.