Syon Capital LLC Cuts Stake in VanEck Gold Miners ETF $GDX

Syon Capital LLC lessened its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 316,120 shares of the exchange traded fund’s stock after selling 17,163 shares during the period. VanEck Gold Miners ETF makes up about 1.3% of Syon Capital LLC’s portfolio, making the stock its 21st biggest holding. Syon Capital LLC owned about 0.11% of VanEck Gold Miners ETF worth $24,152,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Tradewinds LLC. purchased a new stake in VanEck Gold Miners ETF in the third quarter valued at about $1,568,000. Ethos Financial Group LLC acquired a new position in VanEck Gold Miners ETF during the 2nd quarter valued at approximately $309,000. Trek Financial LLC raised its holdings in shares of VanEck Gold Miners ETF by 43.4% in the third quarter. Trek Financial LLC now owns 34,645 shares of the exchange traded fund’s stock worth $2,647,000 after buying an additional 10,488 shares during the last quarter. Catalyst Funds Management Pty Ltd purchased a new position in shares of VanEck Gold Miners ETF in the second quarter worth $10,277,000. Finally, Brookwood Investment Group LLC lifted its stake in shares of VanEck Gold Miners ETF by 46.3% during the third quarter. Brookwood Investment Group LLC now owns 20,445 shares of the exchange traded fund’s stock worth $1,562,000 after buying an additional 6,472 shares during the period.

VanEck Gold Miners ETF Price Performance

NYSEARCA GDX opened at $100.25 on Wednesday. The stock’s fifty day moving average price is $94.97 and its 200 day moving average price is $79.53. VanEck Gold Miners ETF has a 1 year low of $38.58 and a 1 year high of $113.50. The company has a market cap of $30.59 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55.

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.