Syon Capital LLC lessened its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 3.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 305,871 shares of the exchange traded fund’s stock after selling 10,249 shares during the period. VanEck Gold Miners ETF makes up 1.3% of Syon Capital LLC’s investment portfolio, making the stock its 18th largest position. Syon Capital LLC’s holdings in VanEck Gold Miners ETF were worth $26,235,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the business. Comprehensive Financial Planning Inc. PA bought a new stake in shares of VanEck Gold Miners ETF during the 4th quarter valued at $410,000. Greykasell Wealth Strategies Inc. bought a new stake in shares of VanEck Gold Miners ETF during the 4th quarter valued at $51,000. MCF Advisors LLC bought a new stake in shares of VanEck Gold Miners ETF during the 4th quarter valued at $342,000. OneAscent Financial Services LLC bought a new stake in shares of VanEck Gold Miners ETF during the 4th quarter valued at $4,670,000. Finally, VMS Asset Management Limited bought a new stake in shares of VanEck Gold Miners ETF during the 4th quarter valued at $7,377,000.
VanEck Gold Miners ETF Trading Down 8.8%
Shares of GDX stock opened at $78.84 on Friday. VanEck Gold Miners ETF has a 12 month low of $50.32 and a 12 month high of $117.18. The stock has a market cap of $24.29 billion, a PE ratio of 21.70 and a beta of 0.60. The company’s fifty day moving average price is $91.31 and its 200-day moving average price is $92.70.
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.
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Want to see what other hedge funds are holding GDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report).
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