Synergy Asset Management LLC Trims Stock Holdings in VanEck Gold Miners ETF $GDX

Synergy Asset Management LLC reduced its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 65.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 10,768 shares of the exchange traded fund’s stock after selling 20,597 shares during the period. Synergy Asset Management LLC’s holdings in VanEck Gold Miners ETF were worth $924,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of GDX. New Republic Capital LLC bought a new position in VanEck Gold Miners ETF in the 3rd quarter valued at $29,000. Highline Wealth Partners LLC lifted 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 purchasing an additional 135 shares during the last quarter. Family Management Corp purchased a new stake in shares of VanEck Gold Miners ETF during the third quarter valued at $38,000. Tradewinds Capital Management LLC boosted its stake 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 valued at $40,000 after purchasing an additional 325 shares during the period. Finally, Activest Wealth Management bought a new position in shares of VanEck Gold Miners ETF in the third quarter worth about $50,000.

VanEck Gold Miners ETF Price Performance

Shares of GDX stock opened at $82.39 on Friday. The company has a market capitalization of $25.14 billion, a P/E ratio of 21.70 and a beta of 0.55. The company’s 50-day simple moving average is $100.41 and its two-hundred day simple moving average is $86.62. VanEck Gold Miners ETF has a one year low of $40.26 and a one year high of $117.18.

VanEck Gold Miners ETF Company 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.