Verus Capital Partners LLC Lowers Stock Holdings in VanEck Gold Miners ETF $GDX

Verus Capital Partners LLC reduced its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 37.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,156 shares of the exchange traded fund’s stock after selling 7,225 shares during the quarter. Verus Capital Partners LLC’s holdings in VanEck Gold Miners ETF were worth $929,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Highline Wealth Partners LLC boosted its stake in shares of VanEck Gold Miners ETF by 45.0% in the third quarter. Highline Wealth Partners LLC now owns 435 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 135 shares during the period. Chemistry Wealth Management LLC lifted its holdings in VanEck Gold Miners ETF by 1.0% during the 3rd quarter. Chemistry Wealth Management LLC now owns 13,909 shares of the exchange traded fund’s stock worth $1,063,000 after buying an additional 136 shares in the last quarter. Sound Income Strategies LLC boosted its position in VanEck Gold Miners ETF by 1.7% in the 3rd quarter. Sound Income Strategies LLC now owns 10,140 shares of the exchange traded fund’s stock valued at $767,000 after buying an additional 169 shares during the period. Golden State Wealth Management LLC grew its stake in shares of VanEck Gold Miners ETF by 7.0% in the third quarter. Golden State Wealth Management LLC now owns 2,583 shares of the exchange traded fund’s stock worth $197,000 after acquiring an additional 169 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of VanEck Gold Miners ETF by 0.9% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 20,932 shares of the exchange traded fund’s stock worth $1,599,000 after acquiring an additional 179 shares in the last quarter.

VanEck Gold Miners ETF Trading Up 3.8%

VanEck Gold Miners ETF stock opened at $110.29 on Tuesday. The firm has a market capitalization of $33.65 billion, a P/E ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a twelve month low of $38.58 and a twelve month high of $113.50. The stock’s fifty day simple moving average is $96.63 and its 200-day simple moving average is $80.91.

About VanEck Gold Miners ETF

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.