Verus Capital Partners LLC Has $1.01 Million Position in VanEck Gold Miners ETF $GDX

Verus Capital Partners LLC boosted its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 6.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,381 shares of the exchange traded fund’s stock after acquiring an additional 1,167 shares during the period. Verus Capital Partners LLC’s holdings in VanEck Gold Miners ETF were worth $1,009,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Cascade Financial Partners LLC increased its holdings in shares of VanEck Gold Miners ETF by 15.2% in the second quarter. Cascade Financial Partners LLC now owns 6,744 shares of the exchange traded fund’s stock valued at $351,000 after purchasing an additional 890 shares during the last quarter. CENTRAL TRUST Co boosted its holdings in shares of VanEck Gold Miners ETF by 28.1% during the 2nd quarter. CENTRAL TRUST Co now owns 13,667 shares of the exchange traded fund’s stock worth $712,000 after buying an additional 3,001 shares during the period. Valence8 US LP bought a new stake in shares of VanEck Gold Miners ETF during the 2nd quarter worth about $4,531,000. Garda Capital Partners LP acquired a new position in VanEck Gold Miners ETF in the 2nd quarter valued at about $25,266,000. Finally, Allworth Financial LP raised its holdings in VanEck Gold Miners ETF by 6.2% in the 2nd quarter. Allworth Financial LP now owns 4,207 shares of the exchange traded fund’s stock valued at $219,000 after acquiring an additional 246 shares during the period.

VanEck Gold Miners ETF Stock Up 1.0%

Shares of GDX stock opened at $76.71 on Wednesday. The firm has a 50 day moving average price of $73.28 and a two-hundred day moving average price of $60.21. The company has a market capitalization of $23.04 billion, a PE ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 12-month low of $33.42 and a 12-month high of $85.08.

About VanEck Gold Miners ETF

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.