Verity Asset Management Inc. Boosts Stock Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Verity Asset Management Inc. lifted its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,136 shares of the exchange traded fund’s stock after purchasing an additional 759 shares during the quarter. Verity Asset Management Inc.’s holdings in VanEck Gold Miners ETF were worth $438,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Atomi Financial Group Inc. increased its stake in shares of VanEck Gold Miners ETF by 5.5% in the 4th quarter. Atomi Financial Group Inc. now owns 8,804 shares of the exchange traded fund’s stock worth $299,000 after acquiring an additional 462 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in shares of VanEck Gold Miners ETF by 12.8% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 11,500 shares of the exchange traded fund’s stock valued at $390,000 after purchasing an additional 1,301 shares during the period. CWM LLC increased its position in VanEck Gold Miners ETF by 55.8% during the third quarter. CWM LLC now owns 18,692 shares of the exchange traded fund’s stock worth $744,000 after purchasing an additional 6,694 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in VanEck Gold Miners ETF during the third quarter worth about $438,000. Finally, SMART Wealth LLC boosted its holdings in VanEck Gold Miners ETF by 2.0% in the 3rd quarter. SMART Wealth LLC now owns 28,658 shares of the exchange traded fund’s stock valued at $1,141,000 after purchasing an additional 572 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA GDX opened at $39.56 on Tuesday. The company has a market capitalization of $15.81 billion, a P/E ratio of 28.03 and a beta of 0.85. The company has a 50 day simple moving average of $36.46 and a 200-day simple moving average of $37.97. VanEck Gold Miners ETF has a 1 year low of $25.67 and a 1 year high of $44.22.

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.