Synergy Asset Management LLC Buys New Shares in VanEck Gold Miners ETF (NYSEARCA:GDX)

Synergy Asset Management LLC purchased a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,239 shares of the exchange traded fund’s stock, valued at approximately $110,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hanson & Doremus Investment Management increased its position in VanEck Gold Miners ETF by 1.0% in the 4th quarter. Hanson & Doremus Investment Management now owns 44,064 shares of the exchange traded fund’s stock valued at $1,494,000 after buying an additional 425 shares in the last quarter. Foster & Motley Inc. grew its stake in VanEck Gold Miners ETF by 7.1% in the fourth quarter. Foster & Motley Inc. now owns 10,556 shares of the exchange traded fund’s stock valued at $358,000 after acquiring an additional 700 shares during the period. Barry Investment Advisors LLC increased its holdings in shares of VanEck Gold Miners ETF by 2.1% during the fourth quarter. Barry Investment Advisors LLC now owns 571,260 shares of the exchange traded fund’s stock valued at $19,371,000 after acquiring an additional 11,651 shares in the last quarter. Williams & Novak LLC raised its position in shares of VanEck Gold Miners ETF by 18.0% during the fourth quarter. Williams & Novak LLC now owns 30,205 shares of the exchange traded fund’s stock worth $1,024,000 after purchasing an additional 4,615 shares during the period. Finally, Perigon Wealth Management LLC lifted its holdings in shares of VanEck Gold Miners ETF by 9.3% in the 4th quarter. Perigon Wealth Management LLC now owns 18,836 shares of the exchange traded fund’s stock worth $690,000 after purchasing an additional 1,609 shares in the last quarter.

VanEck Gold Miners ETF Trading Up 4.0 %

NYSEARCA GDX opened at $39.42 on Friday. The company has a fifty day simple moving average of $36.40 and a 200 day simple moving average of $37.97. VanEck Gold Miners ETF has a 12-month low of $25.67 and a 12-month high of $44.22. The company has a market cap of $15.76 billion, a P/E ratio of 28.03 and a beta of 0.85.

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.