Synergy Asset Management LLC Acquires Shares of 3,239 VanEck Gold Miners ETF (NYSEARCA:GDX)

Synergy Asset Management LLC bought a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 3,239 shares of the exchange traded fund’s stock, valued at approximately $110,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in VanEck Gold Miners ETF by 3.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,527,798 shares of the exchange traded fund’s stock worth $379,397,000 after purchasing an additional 294,034 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of VanEck Gold Miners ETF in the third quarter valued at approximately $76,065,000. Caisse DE Depot ET Placement DU Quebec increased its position in shares of VanEck Gold Miners ETF by 70.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,839,319 shares of the exchange traded fund’s stock valued at $73,242,000 after acquiring an additional 760,722 shares during the last quarter. Stifel Financial Corp lifted its holdings in VanEck Gold Miners ETF by 6.9% during the third quarter. Stifel Financial Corp now owns 1,300,414 shares of the exchange traded fund’s stock worth $51,783,000 after acquiring an additional 84,471 shares during the period. Finally, Carrhae Capital LLP purchased a new position in VanEck Gold Miners ETF in the third quarter worth $43,073,000.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA:GDX opened at $39.42 on Friday. VanEck Gold Miners ETF has a 1 year low of $25.67 and a 1 year high of $44.22. The company has a market capitalization of $15.76 billion, a PE ratio of 28.03 and a beta of 0.85. The business has a fifty day moving average price of $36.40 and a two-hundred day moving average price of $37.97.

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.