Waverly Advisors LLC Reduces Stake in VanEck Gold Miners ETF $GDX

Waverly Advisors LLC reduced its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 15.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 172,764 shares of the exchange traded fund’s stock after selling 31,296 shares during the quarter. Waverly Advisors LLC owned about 0.06% of VanEck Gold Miners ETF worth $15,855,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in GDX. Caisse de depot et placement du Quebec bought a new position in shares of VanEck Gold Miners ETF during the fourth quarter valued at approximately $218,971,000. M&T Bank Corp lifted its stake in VanEck Gold Miners ETF by 7,491.6% in the fourth quarter. M&T Bank Corp now owns 2,025,428 shares of the exchange traded fund’s stock worth $173,721,000 after acquiring an additional 1,998,748 shares during the period. Bank of Nova Scotia boosted its holdings in VanEck Gold Miners ETF by 282.0% in the first quarter. Bank of Nova Scotia now owns 2,692,956 shares of the exchange traded fund’s stock valued at $247,133,000 after acquiring an additional 1,987,920 shares in the last quarter. Rafferty Asset Management LLC increased its position in VanEck Gold Miners ETF by 30.0% during the 2nd quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock valued at $338,966,000 after purchasing an additional 1,503,884 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in VanEck Gold Miners ETF during the 4th quarter valued at $101,981,000.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA GDX opened at $75.23 on Monday. The firm has a fifty day simple moving average of $79.68 and a two-hundred day simple moving average of $91.21. VanEck Gold Miners ETF has a 12 month low of $51.37 and a 12 month high of $117.18. The firm has a market capitalization of $23.01 billion, a PE ratio of 21.70 and a beta of 0.65.

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.