Truist Financial Corp Has $42.11 Million Stock Position in VanEck Gold Miners ETF $GDX

Truist Financial Corp cut its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 17.0% during the 4th quarter, Holdings Channel reports. The firm owned 490,907 shares of the exchange traded fund’s stock after selling 100,559 shares during the quarter. Truist Financial Corp’s holdings in VanEck Gold Miners ETF were worth $42,105,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GDX. AQR Capital Management LLC boosted its holdings in VanEck Gold Miners ETF by 106.2% during the first quarter. AQR Capital Management LLC now owns 24,088 shares of the exchange traded fund’s stock worth $1,107,000 after purchasing an additional 12,408 shares during the last quarter. Invesco Ltd. purchased a new stake in shares of VanEck Gold Miners ETF during the 2nd quarter valued at $31,236,000. Natixis increased its position in shares of VanEck Gold Miners ETF by 196.1% during the 2nd quarter. Natixis now owns 26,748 shares of the exchange traded fund’s stock valued at $1,393,000 after purchasing an additional 17,716 shares during the last quarter. Qube Research & Technologies Ltd increased its position in shares of VanEck Gold Miners ETF by 194.3% during the 2nd quarter. Qube Research & Technologies Ltd now owns 36,387 shares of the exchange traded fund’s stock valued at $1,894,000 after purchasing an additional 24,022 shares during the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in shares of VanEck Gold Miners ETF during the 2nd quarter valued at $846,000.

VanEck Gold Miners ETF Price Performance

Shares of VanEck Gold Miners ETF stock opened at $85.81 on Wednesday. VanEck Gold Miners ETF has a 1 year low of $45.10 and a 1 year high of $117.18. The firm has a market cap of $26.44 billion, a PE ratio of 21.70 and a beta of 0.61. The stock has a fifty day moving average price of $96.19 and a 200-day moving average price of $90.47.

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.