Synovus Financial Corp Buys 14,970 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Synovus Financial Corp grew its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 9.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,448 shares of the exchange traded fund’s stock after buying an additional 14,970 shares during the period. Synovus Financial Corp’s holdings in VanEck Gold Miners ETF were worth $6,907,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GDX. Beacon Capital Management LLC grew its position in VanEck Gold Miners ETF by 202.4% in the second quarter. Beacon Capital Management LLC now owns 747 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 500 shares in the last quarter. Cedar Wealth Management LLC lifted its stake in VanEck Gold Miners ETF by 63.4% during the second quarter. Cedar Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 339 shares during the last quarter. Aptus Capital Advisors LLC boosted its holdings in shares of VanEck Gold Miners ETF by 53.0% in the 3rd quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 329 shares in the last quarter. Eagle Bay Advisors LLC increased its position in shares of VanEck Gold Miners ETF by 95.8% during the 2nd quarter. Eagle Bay Advisors LLC now owns 1,175 shares of the exchange traded fund’s stock valued at $40,000 after purchasing an additional 575 shares during the last quarter. Finally, Studio Investment Management LLC raised its holdings in shares of VanEck Gold Miners ETF by 51.4% during the 2nd quarter. Studio Investment Management LLC now owns 1,202 shares of the exchange traded fund’s stock valued at $41,000 after buying an additional 408 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of GDX opened at $36.65 on Friday. VanEck Gold Miners ETF has a 1 year low of $25.67 and a 1 year high of $44.22. The stock has a 50 day simple moving average of $39.03 and a two-hundred day simple moving average of $37.72. The firm has a market cap of $14.65 billion, a P/E ratio of 28.03 and a beta of 0.85.

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.