Truist Financial Corp Reduces Stock Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Truist Financial Corp cut its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 496,960 shares of the exchange traded fund’s stock after selling 6,201 shares during the period. Truist Financial Corp owned approximately 0.12% of VanEck Gold Miners ETF worth $16,862,000 at the end of the most recent quarter.

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

VanEck Gold Miners ETF Stock Performance

Shares of GDX stock opened at $39.58 on Friday. The firm has a market cap of $15.82 billion, a P/E ratio of 28.03 and a beta of 0.85. The firm’s 50 day moving average price is $38.36 and its 200-day moving average price is $35.75. VanEck Gold Miners ETF has a one year low of $25.67 and a one year high of $41.95.

VanEck Gold Miners ETF Company 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.