Waverly Advisors LLC Sells 13,445 Shares of VanEck Gold Miners ETF $GDX

Waverly Advisors LLC decreased its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 7.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 159,319 shares of the exchange traded fund’s stock after selling 13,445 shares during the period. Waverly Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $12,021,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Delta Asset Management LLC TN lifted its holdings in shares of VanEck Gold Miners ETF by 9.1% during the 4th quarter. Delta Asset Management LLC TN now owns 1,203 shares of the exchange traded fund’s stock valued at $103,000 after buying an additional 100 shares during the period. Midwest Trust Co grew its holdings in shares of VanEck Gold Miners ETF by 2.8% in the first quarter. Midwest Trust Co now owns 4,169 shares of the exchange traded fund’s stock worth $383,000 after acquiring an additional 115 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of VanEck Gold Miners ETF by 5.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,451 shares of the exchange traded fund’s stock worth $210,000 after acquiring an additional 117 shares during the period. Conservest Capital Advisors Inc. increased its position in VanEck Gold Miners ETF by 4.1% during the first quarter. Conservest Capital Advisors Inc. now owns 3,126 shares of the exchange traded fund’s stock valued at $287,000 after acquiring an additional 123 shares during the last quarter. Finally, Vivaldi Capital Management LP increased its position in VanEck Gold Miners ETF by 1.4% during the fourth quarter. Vivaldi Capital Management LP now owns 8,981 shares of the exchange traded fund’s stock valued at $770,000 after acquiring an additional 125 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

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

VanEck Gold Miners ETF 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.