Synovus Financial Corp Buys 13,536 Shares of VanEck Gold Miners ETF $GDX

Synovus Financial Corp lifted its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 10.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,815 shares of the exchange traded fund’s stock after acquiring an additional 13,536 shares during the period. Synovus Financial Corp’s holdings in VanEck Gold Miners ETF were worth $6,381,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in GDX. Rafferty Asset Management LLC increased its position in shares of VanEck Gold Miners ETF by 33.7% during the fourth quarter. Rafferty Asset Management LLC now owns 9,282,123 shares of the exchange traded fund’s stock worth $314,757,000 after acquiring an additional 2,342,211 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its position in VanEck Gold Miners ETF by 7,098.1% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,080,392 shares of the exchange traded fund’s stock valued at $94,731,000 after purchasing an additional 2,051,490 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its position in VanEck Gold Miners ETF by 3,010.4% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,938,221 shares of the exchange traded fund’s stock valued at $89,100,000 after purchasing an additional 1,875,906 shares in the last quarter. Two Sigma Investments LP grew its position in VanEck Gold Miners ETF by 68.7% in the fourth quarter. Two Sigma Investments LP now owns 3,851,200 shares of the exchange traded fund’s stock valued at $130,594,000 after purchasing an additional 1,567,800 shares in the last quarter. Finally, National Bank of Canada FI grew its position in shares of VanEck Gold Miners ETF by 8,656.1% in the 1st quarter. National Bank of Canada FI now owns 1,376,192 shares of the exchange traded fund’s stock valued at $63,264,000 after acquiring an additional 1,360,475 shares during the period.

VanEck Gold Miners ETF Price Performance

Shares of GDX opened at $60.18 on Monday. The firm has a 50-day moving average of $54.08 and a 200-day moving average of $49.05. VanEck Gold Miners ETF has a one year low of $33.42 and a one year high of $60.68. The company has a market cap of $17.61 billion, a PE ratio of 21.70 and a beta of 0.77.

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.