Lexington Hill Partners LLC Takes $1.12 Million Position in VanEck Gold Miners ETF $GDX

Lexington Hill Partners LLC bought a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 13,040 shares of the exchange traded fund’s stock, valued at approximately $1,118,000. VanEck Gold Miners ETF makes up 0.8% of Lexington Hill Partners LLC’s portfolio, making the stock its 25th largest holding.

A number of other institutional investors have also added to or reduced their stakes in GDX. Delta Asset Management LLC TN increased its stake in VanEck Gold Miners ETF by 9.1% during the fourth quarter. Delta Asset Management LLC TN now owns 1,203 shares of the exchange traded fund’s stock valued at $103,000 after acquiring an additional 100 shares during the period. Clear Creek Financial Management LLC lifted its position in shares of VanEck Gold Miners ETF by 0.8% in the 4th quarter. Clear Creek Financial Management LLC now owns 13,657 shares of the exchange traded fund’s stock worth $1,171,000 after acquiring an additional 112 shares during the period. KFA Private Wealth Group LLC grew its holdings in shares of VanEck Gold Miners ETF by 2.7% during the 4th quarter. KFA Private Wealth Group LLC now owns 4,454 shares of the exchange traded fund’s stock worth $382,000 after purchasing an additional 117 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of VanEck Gold Miners ETF by 5.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,451 shares of the exchange traded fund’s stock worth $210,000 after purchasing an additional 117 shares in the last quarter. Finally, Vivaldi Capital Management LP increased its position in shares of VanEck Gold Miners ETF by 1.4% during the fourth quarter. Vivaldi Capital Management LP now owns 8,981 shares of the exchange traded fund’s stock valued at $770,000 after purchasing an additional 125 shares during the period.

VanEck Gold Miners ETF Trading Down 2.2%

GDX opened at $82.51 on Friday. The stock’s 50 day simple moving average is $89.46 and its 200-day simple moving average is $93.01. The stock has a market cap of $25.42 billion, a PE ratio of 21.70 and a beta of 0.60. VanEck Gold Miners ETF has a 1 year low of $50.32 and a 1 year high of $117.18.

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.