Mercer Global Advisors Inc. ADV Reduces Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Mercer Global Advisors Inc. ADV lessened its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 1.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 146,861 shares of the exchange traded fund’s stock after selling 2,797 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in VanEck Gold Miners ETF were worth $4,979,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Jane Street Group LLC raised its position in VanEck Gold Miners ETF by 649.7% in the first quarter. Jane Street Group LLC now owns 16,209,056 shares of the exchange traded fund’s stock valued at $512,530,000 after purchasing an additional 14,046,913 shares during the period. Rafferty Asset Management LLC lifted its position in VanEck Gold Miners ETF by 1.9% in the fourth quarter. Rafferty Asset Management LLC now owns 8,260,268 shares of the exchange traded fund’s stock valued at $256,151,000 after buying an additional 152,114 shares during the last quarter. Alaska Permanent Fund Corp boosted its stake in VanEck Gold Miners ETF by 132.1% during the first quarter. Alaska Permanent Fund Corp now owns 3,940,340 shares of the exchange traded fund’s stock worth $124,594,000 after buying an additional 2,242,823 shares during the period. National Bank of Canada FI boosted its stake in VanEck Gold Miners ETF by 89.0% during the second quarter. National Bank of Canada FI now owns 3,913,211 shares of the exchange traded fund’s stock worth $132,617,000 after buying an additional 1,842,885 shares during the period. Finally, Capitolis Liquid Global Markets LLC acquired a new stake in shares of VanEck Gold Miners ETF during the first quarter valued at about $104,346,000.

VanEck Gold Miners ETF Stock Performance

VanEck Gold Miners ETF stock opened at $40.51 on Friday. The company has a market capitalization of $16.19 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. The company’s 50 day simple moving average is $37.84 and its 200-day simple moving average is $35.11. VanEck Gold Miners ETF has a 1 year low of $25.62 and a 1 year high of $40.99.

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.