Drum Hill Capital LLC Buys 6,903 Shares of VanEck Gold Miners ETF $GDX

Drum Hill Capital LLC raised its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 11.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 64,748 shares of the exchange traded fund’s stock after purchasing an additional 6,903 shares during the period. VanEck Gold Miners ETF comprises 5.5% of Drum Hill Capital LLC’s portfolio, making the stock its 6th largest holding. Drum Hill Capital LLC’s holdings in VanEck Gold Miners ETF were worth $5,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Delta Asset Management LLC TN lifted its holdings in shares of VanEck Gold Miners ETF by 9.1% in the 4th quarter. Delta Asset Management LLC TN now owns 1,203 shares of the exchange traded fund’s stock valued at $103,000 after purchasing an additional 100 shares during the last quarter. Clear Creek Financial Management LLC grew its stake in VanEck Gold Miners ETF by 0.8% during 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 buying an additional 112 shares during the last quarter. KFA Private Wealth Group LLC increased its position in VanEck Gold Miners ETF by 2.7% during the fourth quarter. KFA Private Wealth Group LLC now owns 4,454 shares of the exchange traded fund’s stock worth $382,000 after buying an additional 117 shares during the period. O Shaughnessy Asset Management LLC increased its position in VanEck Gold Miners ETF by 5.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,451 shares of the exchange traded fund’s stock worth $210,000 after buying an additional 117 shares during the period. Finally, Vivaldi Capital Management LP lifted its stake in VanEck Gold Miners ETF by 1.4% in the fourth quarter. Vivaldi Capital Management LP now owns 8,981 shares of the exchange traded fund’s stock valued at $770,000 after buying an additional 125 shares during the last quarter.

VanEck Gold Miners ETF Trading Up 1.4%

GDX stock opened at $75.67 on Friday. The company has a market capitalization of $23.31 billion, a P/E ratio of 21.70 and a beta of 0.60. VanEck Gold Miners ETF has a twelve month low of $50.32 and a twelve month high of $117.18. The business has a 50 day simple moving average of $87.39 and a 200-day simple moving average of $92.89.

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.