Versant Capital Management Inc Sells 39,712 Shares of VanEck Gold Miners ETF $GDX

Versant Capital Management Inc decreased its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 14.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 243,892 shares of the exchange traded fund’s stock after selling 39,712 shares during the period. VanEck Gold Miners ETF makes up approximately 2.5% of Versant Capital Management Inc’s investment portfolio, making the stock its 6th largest position. Versant Capital Management Inc owned about 0.08% of VanEck Gold Miners ETF worth $18,633,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hoey Investments Inc. lifted its position in VanEck Gold Miners ETF by 71.0% during the second quarter. Hoey Investments Inc. now owns 513 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 213 shares in the last quarter. New Republic Capital LLC acquired a new position in shares of VanEck Gold Miners ETF during the 3rd quarter valued at about $29,000. Creekmur Asset Management LLC boosted its position in shares of VanEck Gold Miners ETF by 147.2% during the 2nd quarter. Creekmur Asset Management LLC now owns 608 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 362 shares during the last quarter. Highline Wealth Partners LLC grew its holdings 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. Finally, RMG Wealth Management LLC acquired a new stake in VanEck Gold Miners ETF during the second quarter worth about $34,000.

VanEck Gold Miners ETF Price Performance

Shares of GDX stock opened at $96.47 on Wednesday. The company has a market capitalization of $28.95 billion, a PE ratio of 21.70 and a beta of 0.55. The firm’s 50-day moving average is $83.14 and its two-hundred day moving average is $70.91. VanEck Gold Miners ETF has a 12 month low of $35.51 and a 12 month high of $97.97.

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.