Truist Financial Corp Buys 319,324 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Truist Financial Corp boosted its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 87.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 683,441 shares of the exchange traded fund’s stock after purchasing an additional 319,324 shares during the period. Truist Financial Corp’s holdings in VanEck Gold Miners ETF were worth $21,193,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Morgan Stanley boosted its holdings in shares of VanEck Gold Miners ETF by 4.3% in the third quarter. Morgan Stanley now owns 11,073,715 shares of the exchange traded fund’s stock worth $297,994,000 after buying an additional 460,687 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in VanEck Gold Miners ETF by 25.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,477,920 shares of the exchange traded fund’s stock worth $255,051,000 after purchasing an additional 1,920,723 shares during the period. Rafferty Asset Management LLC lifted its position in VanEck Gold Miners ETF by 6.5% during the third quarter. Rafferty Asset Management LLC now owns 8,108,154 shares of the exchange traded fund’s stock valued at $218,190,000 after purchasing an additional 493,627 shares in the last quarter. Toronto Dominion Bank grew its holdings in VanEck Gold Miners ETF by 31.5% during the third quarter. Toronto Dominion Bank now owns 3,085,387 shares of the exchange traded fund’s stock valued at $83,028,000 after purchasing an additional 738,786 shares during the period. Finally, Desjardins Global Asset Management Inc. increased its position in VanEck Gold Miners ETF by 705.5% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 2,038,166 shares of the exchange traded fund’s stock worth $63,204,000 after buying an additional 1,785,137 shares in the last quarter.

VanEck Gold Miners ETF Stock Up 0.5 %

NYSEARCA GDX opened at $34.77 on Tuesday. The stock’s 50-day moving average price is $30.81 and its 200-day moving average price is $29.71. The company has a market capitalization of $14.54 billion, a P/E ratio of 28.20 and a beta of 0.81. VanEck Gold Miners ETF has a 52 week low of $25.62 and a 52 week high of $36.26.

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.