Lingotto Investment Management LLP Raises Stock Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Lingotto Investment Management LLP boosted its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 4.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 234,000 shares of the exchange traded fund’s stock after purchasing an additional 10,000 shares during the period. Lingotto Investment Management LLP’s holdings in VanEck Gold Miners ETF were worth $7,940,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Stephens Inc. AR increased its position in shares of VanEck Gold Miners ETF by 18.3% during the fourth quarter. Stephens Inc. AR now owns 69,163 shares of the exchange traded fund’s stock valued at $2,145,000 after acquiring an additional 10,688 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of VanEck Gold Miners ETF by 3.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 67,136 shares of the exchange traded fund’s stock valued at $2,082,000 after acquiring an additional 2,133 shares during the last quarter. Capital Investment Advisors LLC increased its position in shares of VanEck Gold Miners ETF by 9.8% during the second quarter. Capital Investment Advisors LLC now owns 17,668 shares of the exchange traded fund’s stock valued at $599,000 after acquiring an additional 1,580 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in shares of VanEck Gold Miners ETF by 8.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 32,831 shares of the exchange traded fund’s stock valued at $1,018,000 after acquiring an additional 2,491 shares during the last quarter. Finally, J.W. Cole Advisors Inc. increased its position in shares of VanEck Gold Miners ETF by 39.8% during the first quarter. J.W. Cole Advisors Inc. now owns 30,474 shares of the exchange traded fund’s stock valued at $964,000 after acquiring an additional 8,670 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of GDX opened at $39.51 on Wednesday. VanEck Gold Miners ETF has a 1-year low of $25.62 and a 1-year high of $40.23. The stock has a market cap of $15.79 billion, a PE ratio of 28.03 and a beta of 0.85. The firm has a 50-day simple moving average of $37.65 and a two-hundred day simple moving average of $34.84.

VanEck Gold Miners ETF Company 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.