Synergy Asset Management LLC Sells 20,597 Shares of VanEck Gold Miners ETF $GDX

Synergy Asset Management LLC trimmed its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 65.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,768 shares of the exchange traded fund’s stock after selling 20,597 shares during the quarter. Synergy Asset Management LLC’s holdings in VanEck Gold Miners ETF were worth $924,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. KFA Private Wealth Group LLC increased its position in VanEck Gold Miners ETF by 2.7% during the 4th quarter. KFA Private Wealth Group LLC now owns 4,454 shares of the exchange traded fund’s stock valued at $382,000 after purchasing an additional 117 shares during the period. Highline Wealth Partners LLC boosted its stake 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 valued at $33,000 after purchasing an additional 135 shares in the last quarter. Chemistry Wealth Management LLC boosted its stake in shares of VanEck Gold Miners ETF by 1.0% during the third quarter. Chemistry Wealth Management LLC now owns 13,909 shares of the exchange traded fund’s stock valued at $1,063,000 after purchasing an additional 136 shares in the last quarter. Sound Income Strategies LLC increased its holdings in VanEck Gold Miners ETF by 1.7% during the third quarter. Sound Income Strategies LLC now owns 10,140 shares of the exchange traded fund’s stock valued at $767,000 after buying an additional 169 shares during the period. Finally, Golden State Wealth Management LLC increased its holdings in VanEck Gold Miners ETF by 7.0% during the third quarter. Golden State Wealth Management LLC now owns 2,583 shares of the exchange traded fund’s stock valued at $197,000 after buying an additional 169 shares during the period.

VanEck Gold Miners ETF Stock Down 4.6%

Shares of NYSEARCA:GDX opened at $82.39 on Friday. The firm has a 50 day moving average of $100.41 and a 200 day moving average of $86.62. The company has a market capitalization of $25.14 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 52 week low of $40.26 and a 52 week high of $117.18.

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.