Mountain Lake Investment Management LLC Buys Shares of 19,000 VanEck Gold Miners ETF (NYSEARCA:GDX)

Mountain Lake Investment Management LLC bought a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 19,000 shares of the exchange traded fund’s stock, valued at approximately $644,000. VanEck Gold Miners ETF makes up 0.7% of Mountain Lake Investment Management LLC’s portfolio, making the stock its 22nd largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Atomi Financial Group Inc. raised its stake in shares of VanEck Gold Miners ETF by 5.5% in the 4th quarter. Atomi Financial Group Inc. now owns 8,804 shares of the exchange traded fund’s stock worth $299,000 after buying an additional 462 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its stake in shares of VanEck Gold Miners ETF by 12.8% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 11,500 shares of the exchange traded fund’s stock worth $390,000 after buying an additional 1,301 shares in the last quarter. Tandem Financial LLC bought a new stake in shares of VanEck Gold Miners ETF in the 4th quarter worth $7,621,000. CWM LLC raised its stake in shares of VanEck Gold Miners ETF by 55.8% in the 3rd quarter. CWM LLC now owns 18,692 shares of the exchange traded fund’s stock worth $744,000 after buying an additional 6,694 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter worth $438,000.

VanEck Gold Miners ETF Stock Down 3.4 %

Shares of NYSEARCA GDX opened at $41.08 on Friday. The stock has a market capitalization of $16.42 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. The stock’s fifty day simple moving average is $37.18 and its 200 day simple moving average is $38.24. VanEck Gold Miners ETF has a 52-week low of $25.67 and a 52-week high of $44.22.

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.