Verger Capital Management LLC Grows Holdings in VanEck Gold Miners ETF $GDX

Verger Capital Management LLC raised its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 49.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,091 shares of the exchange traded fund’s stock after buying an additional 10,960 shares during the period. VanEck Gold Miners ETF comprises about 0.8% of Verger Capital Management LLC’s investment portfolio, making the stock its 11th biggest position. Verger Capital Management LLC’s holdings in VanEck Gold Miners ETF were worth $2,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rafferty Asset Management LLC grew its position in VanEck Gold Miners ETF by 30.0% in the second quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock worth $338,966,000 after acquiring an additional 1,503,884 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in VanEck Gold Miners ETF by 766.7% during the second quarter. JPMorgan Chase & Co. now owns 3,977,932 shares of the exchange traded fund’s stock worth $207,091,000 after purchasing an additional 4,574,598 shares during the last quarter. Slate Path Capital LP bought a new stake in VanEck Gold Miners ETF during the second quarter worth about $123,070,000. Pureheart Capital Pte Ltd. boosted its holdings in shares of VanEck Gold Miners ETF by 1.4% in the 2nd quarter. Pureheart Capital Pte Ltd. now owns 1,339,000 shares of the exchange traded fund’s stock worth $69,708,000 after purchasing an additional 19,000 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in shares of VanEck Gold Miners ETF by 99.1% in the 2nd quarter. Teacher Retirement System of Texas now owns 1,306,000 shares of the exchange traded fund’s stock worth $67,990,000 after purchasing an additional 650,000 shares in the last quarter.

VanEck Gold Miners ETF Trading Up 3.2%

Shares of NYSEARCA GDX opened at $88.45 on Tuesday. The stock has a market cap of $26.58 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 1-year low of $34.52 and a 1-year high of $91.67. The stock’s 50-day moving average is $80.48 and its 200 day moving average is $69.17.

VanEck Gold Miners ETF Company 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.