VanEck Gold Miners ETF $GDX Shares Sold by Synovus Financial Corp

Synovus Financial Corp lowered its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 29.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,557 shares of the exchange traded fund’s stock after selling 49,806 shares during the period. Synovus Financial Corp’s holdings in VanEck Gold Miners ETF were worth $9,212,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. New Republic Capital LLC purchased a new stake in VanEck Gold Miners ETF during the 3rd quarter worth $29,000. Highline Wealth Partners LLC increased its position in shares of VanEck Gold Miners ETF by 45.0% during the third quarter. Highline Wealth Partners LLC now owns 435 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 135 shares during the last quarter. Tradewinds Capital Management LLC increased its position in shares of VanEck Gold Miners ETF by 162.5% during the third quarter. Tradewinds Capital Management LLC now owns 525 shares of the exchange traded fund’s stock worth $40,000 after acquiring an additional 325 shares during the last quarter. Creekmur Asset Management LLC lifted its stake in shares of VanEck Gold Miners ETF by 147.2% in the second quarter. Creekmur Asset Management LLC now owns 608 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 362 shares in the last quarter. Finally, Activest Wealth Management purchased a new position in VanEck Gold Miners ETF in the third quarter valued at about $50,000.

VanEck Gold Miners ETF Stock Up 1.2%

Shares of NYSEARCA GDX opened at $105.51 on Friday. The business has a 50 day moving average price of $95.71 and a two-hundred day moving average price of $79.86. VanEck Gold Miners ETF has a fifty-two week low of $38.58 and a fifty-two week high of $113.50. The firm has a market cap of $32.20 billion, a PE ratio of 21.70 and a beta of 0.55.

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.