Verus Capital Partners LLC Cuts Stake in VanEck Gold Miners ETF (NYSEARCA:GDX)

Verus Capital Partners LLC lessened its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 5.0% during the fourth quarter, HoldingsChannel reports. The firm owned 18,381 shares of the exchange traded fund’s stock after selling 962 shares during the period. Verus Capital Partners LLC’s holdings in VanEck Gold Miners ETF were worth $623,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Pettinga Financial Advisors LLC boosted its holdings in VanEck Gold Miners ETF by 1.5% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 45,322 shares of the exchange traded fund’s stock worth $1,805,000 after acquiring an additional 675 shares during the period. IMC Chicago LLC boosted its stake in shares of VanEck Gold Miners ETF by 110.2% in the third quarter. IMC Chicago LLC now owns 194,057 shares of the exchange traded fund’s stock valued at $7,727,000 after purchasing an additional 101,716 shares during the period. Summit Wealth Partners LLC boosted its stake in shares of VanEck Gold Miners ETF by 3.6% in the third quarter. Summit Wealth Partners LLC now owns 8,621 shares of the exchange traded fund’s stock valued at $343,000 after purchasing an additional 298 shares during the period. Focus Financial Network Inc. grew its holdings in VanEck Gold Miners ETF by 20.1% during the 3rd quarter. Focus Financial Network Inc. now owns 9,427 shares of the exchange traded fund’s stock valued at $375,000 after purchasing an additional 1,580 shares in the last quarter. Finally, Americana Partners LLC increased its stake in VanEck Gold Miners ETF by 93.9% during the 3rd quarter. Americana Partners LLC now owns 14,952 shares of the exchange traded fund’s stock worth $595,000 after buying an additional 7,242 shares during the period.

VanEck Gold Miners ETF Price Performance

NYSEARCA:GDX opened at $39.72 on Friday. The firm has a 50-day moving average of $38.04 and a two-hundred day moving average of $38.55. The stock has a market cap of $13.36 billion, a P/E ratio of 22.76 and a beta of 0.96. VanEck Gold Miners ETF has a 1-year low of $26.28 and a 1-year high of $44.22.

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.