Verger Capital Management LLC Boosts Stake in VanEck Gold Miners ETF (NYSEARCA:GDX)

Verger Capital Management LLC lifted its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 1.6% in the fourth quarter, HoldingsChannel reports. The firm owned 40,927 shares of the exchange traded fund’s stock after buying an additional 642 shares during the quarter. VanEck Gold Miners ETF makes up approximately 0.7% of Verger Capital Management LLC’s holdings, making the stock its 12th biggest holding. Verger Capital Management LLC’s holdings in VanEck Gold Miners ETF were worth $1,269,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in shares of VanEck Gold Miners ETF by 47.1% in the first quarter. JPMorgan Chase & Co. now owns 11,715,047 shares of the exchange traded fund’s stock valued at $378,982,000 after purchasing an additional 3,748,454 shares in the last quarter. Morgan Stanley lifted its stake in VanEck Gold Miners ETF by 4.3% in the third quarter. Morgan Stanley now owns 11,073,715 shares of the exchange traded fund’s stock worth $297,994,000 after acquiring an additional 460,687 shares during the last quarter. Rafferty Asset Management LLC lifted its stake in VanEck Gold Miners ETF by 6.5% in the third quarter. Rafferty Asset Management LLC now owns 8,108,154 shares of the exchange traded fund’s stock worth $218,190,000 after acquiring an additional 493,627 shares during the last quarter. Toronto Dominion Bank lifted its stake in VanEck Gold Miners ETF by 31.5% in the third quarter. Toronto Dominion Bank now owns 3,085,387 shares of the exchange traded fund’s stock worth $83,028,000 after acquiring an additional 738,786 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in VanEck Gold Miners ETF by 17.0% in the first quarter. Jane Street Group LLC now owns 2,281,664 shares of the exchange traded fund’s stock worth $73,812,000 after acquiring an additional 332,069 shares during the last quarter.

VanEck Gold Miners ETF Stock Down 1.6 %

VanEck Gold Miners ETF stock traded down $0.52 during trading on Tuesday, reaching $33.01. The stock had a trading volume of 32,538,286 shares, compared to its average volume of 26,103,643. VanEck Gold Miners ETF has a 52-week low of $25.62 and a 52-week high of $36.26. The business has a 50 day moving average price of $29.56 and a 200 day moving average price of $29.28. The stock has a market cap of $13.80 billion, a PE ratio of 28.20 and a beta of 0.81.

VanEck Gold Miners ETF 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.