VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Sold by Truist Financial Corp

Truist Financial Corp cut its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 1.2% in the second quarter, HoldingsChannel reports. The firm owned 496,960 shares of the exchange traded fund’s stock after selling 6,201 shares during the quarter. Truist Financial Corp’s holdings in VanEck Gold Miners ETF were worth $16,862,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Belpointe Asset Management LLC increased its holdings in VanEck Gold Miners ETF by 12.3% in the fourth quarter. Belpointe Asset Management LLC now owns 14,215 shares of the exchange traded fund’s stock valued at $441,000 after buying an additional 1,558 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in VanEck Gold Miners ETF by 8.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 32,831 shares of the exchange traded fund’s stock worth $1,018,000 after acquiring an additional 2,491 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in VanEck Gold Miners ETF by 40.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 93,326 shares of the exchange traded fund’s stock valued at $2,894,000 after acquiring an additional 26,776 shares during the last quarter. Cetera Advisor Networks LLC boosted its stake in VanEck Gold Miners ETF by 74.4% in the fourth quarter. Cetera Advisor Networks LLC now owns 295,042 shares of the exchange traded fund’s stock valued at $9,149,000 after acquiring an additional 125,907 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new position in VanEck Gold Miners ETF in the fourth quarter valued at $4,310,000.

VanEck Gold Miners ETF Stock Performance

VanEck Gold Miners ETF stock opened at $39.58 on Friday. The company has a market capitalization of $15.82 billion, a P/E ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a fifty-two week low of $25.67 and a fifty-two week high of $41.95. The stock has a 50-day simple moving average of $38.36 and a 200-day simple moving average of $35.75.

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.