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 7.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 159,319 shares of the exchange traded fund’s stock after selling 13,445 shares during the quarter. Waverly Advisors LLC owned about 0.05% of VanEck Gold Miners ETF worth $12,021,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Morgan Stanley raised its holdings in VanEck Gold Miners ETF by 0.7% in the 4th quarter. Morgan Stanley now owns 12,876,546 shares of the exchange traded fund’s stock worth $1,104,421,000 after purchasing an additional 90,514 shares in the last quarter. Bank of America Corp DE raised its stake in VanEck Gold Miners ETF by 11.5% in the first quarter. Bank of America Corp DE now owns 8,345,307 shares of the exchange traded fund’s stock worth $765,849,000 after buying an additional 858,716 shares in the last quarter. Rafferty Asset Management LLC raised its stake in VanEck Gold Miners ETF by 8.2% in the fourth quarter. Rafferty Asset Management LLC now owns 7,053,592 shares of the exchange traded fund’s stock worth $604,987,000 after buying an additional 534,856 shares in the last quarter. Bank of Nova Scotia lifted 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 worth $247,133,000 after buying an additional 1,987,920 shares during the period. Finally, Caisse de depot et placement du Quebec purchased a new stake in VanEck Gold Miners ETF in the fourth quarter worth about $218,971,000.

VanEck Gold Miners ETF Stock Performance

VanEck Gold Miners ETF stock opened at $99.47 on Thursday. VanEck Gold Miners ETF has a fifty-two week low of $67.25 and a fifty-two week high of $117.18. The stock’s 50 day simple moving average is $85.86 and its two-hundred day simple moving average is $89.23. The stock has a market cap of $30.35 billion, a price-to-earnings ratio of 21.70 and a beta of 0.70.

VanEck Gold Miners ETF Company Profile

The Fund seeks to match as closely as possible the price and yield performance of the MarketVector Global 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.