Verger Capital Management LLC Purchases 642 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Verger Capital Management LLC grew its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 1.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 40,927 shares of the exchange traded fund’s stock after acquiring an additional 642 shares during the quarter. VanEck Gold Miners ETF comprises approximately 0.7% of Verger Capital Management LLC’s holdings, making the stock its 12th largest holding. Verger Capital Management LLC’s holdings in VanEck Gold Miners ETF were worth $1,269,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in 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 worth $378,982,000 after buying an additional 3,748,454 shares during the last quarter. Morgan Stanley lifted its position 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 buying an additional 460,687 shares during the last quarter. Rafferty Asset Management LLC lifted its position 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 buying an additional 493,627 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of VanEck Gold Miners ETF by 31.5% during the third quarter. Toronto Dominion Bank now owns 3,085,387 shares of the exchange traded fund’s stock worth $83,028,000 after purchasing an additional 738,786 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in shares of VanEck Gold Miners ETF by 17.0% during 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 purchasing an additional 332,069 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA:GDX traded down $0.52 on Tuesday, hitting $33.01. 32,538,286 shares of the company’s stock were exchanged, compared to its average volume of 26,103,643. VanEck Gold Miners ETF has a 12 month low of $25.62 and a 12 month high of $36.26. The stock has a market capitalization of $13.80 billion, a price-to-earnings ratio of 28.20 and a beta of 0.81. The business’s 50 day simple moving average is $29.56 and its two-hundred day simple moving average is $29.28.

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.