Wolverine Asset Management LLC Sells 2,600 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Wolverine Asset Management LLC trimmed its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 12.6% during the 4th quarter, HoldingsChannel reports. The firm owned 18,000 shares of the exchange traded fund’s stock after selling 2,600 shares during the quarter. Wolverine Asset Management LLC’s holdings in VanEck Gold Miners ETF were worth $558,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of VanEck Gold Miners ETF by 25.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,477,920 shares of the exchange traded fund’s stock worth $255,051,000 after buying an additional 1,920,723 shares during the last quarter. Desjardins Global Asset Management Inc. raised its position in VanEck Gold Miners ETF by 705.5% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 2,038,166 shares of the exchange traded fund’s stock valued at $63,204,000 after purchasing an additional 1,785,137 shares during the period. International Assets Investment Management LLC bought a new position in shares of VanEck Gold Miners ETF during the 4th quarter valued at approximately $33,675,000. Toronto Dominion Bank raised its holdings in VanEck Gold Miners ETF by 31.5% during the 3rd quarter. Toronto Dominion Bank now owns 3,085,387 shares of the exchange traded fund’s stock valued at $83,028,000 after buying an additional 738,786 shares during the period. Finally, 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.

VanEck Gold Miners ETF Trading Up 0.7 %

VanEck Gold Miners ETF stock opened at $34.58 on Friday. VanEck Gold Miners ETF has a 12-month low of $25.62 and a 12-month high of $36.26. The firm has a 50-day moving average price of $30.65 and a 200-day moving average price of $29.64. The firm has a market capitalization of $14.46 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.