22,464 Shares in VanEck Gold Miners ETF $GDX Acquired by Lake Hills Wealth Management LLC

Lake Hills Wealth Management LLC acquired a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 22,464 shares of the exchange traded fund’s stock, valued at approximately $1,972,000. VanEck Gold Miners ETF makes up 0.9% of Lake Hills Wealth Management LLC’s investment portfolio, making the stock its 25th biggest position.

Other institutional investors have also modified their holdings of the company. Bank of America Corp DE increased its holdings in VanEck Gold Miners ETF by 11.5% in the first quarter. Bank of America Corp DE now owns 8,345,307 shares of the exchange traded fund’s stock valued at $765,849,000 after buying an additional 858,716 shares during the last quarter. Bank of Nova Scotia boosted its holdings in shares of VanEck Gold Miners ETF by 282.0% in the 1st quarter. Bank of Nova Scotia now owns 2,692,956 shares of the exchange traded fund’s stock valued at $247,133,000 after buying an additional 1,987,920 shares in the last quarter. Meitav Investment House Ltd. boosted its holdings in shares of VanEck Gold Miners ETF by 68.6% in the 1st quarter. Meitav Investment House Ltd. now owns 1,211,200 shares of the exchange traded fund’s stock valued at $111,152,000 after buying an additional 493,000 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of VanEck Gold Miners ETF in the 4th quarter valued at $101,981,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in VanEck Gold Miners ETF during the 1st quarter worth $84,873,000.

VanEck Gold Miners ETF Stock Down 2.4%

GDX traded down $2.14 on Wednesday, reaching $86.08. The company had a trading volume of 10,925,141 shares, compared to its average volume of 24,523,799. VanEck Gold Miners ETF has a 1 year low of $68.13 and a 1 year high of $117.18. The stock has a market capitalization of $25.75 billion, a PE ratio of 21.70 and a beta of 0.68. The stock has a 50-day moving average price of $92.43 and a 200-day moving average price of $87.67.

VanEck Gold Miners ETF Profile

The Fund seeks to match as closely as possible the price and yield performance of the MarketVector Global 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.