VanEck Gold Miners ETF $GDX Shares Newly Acquired by Lake Hills Wealth Management LLC

Lake Hills Wealth Management LLC bought a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 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 portfolio, making the stock its 25th biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bank of Nova Scotia boosted its position in shares of VanEck Gold Miners ETF by 282.0% during 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 acquiring an additional 1,987,920 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in VanEck Gold Miners ETF in the fourth quarter valued at $101,981,000. OMERS ADMINISTRATION Corp acquired a new position in shares of VanEck Gold Miners ETF in the 1st quarter valued at $84,873,000. Bank of America Corp DE grew its holdings in shares of VanEck Gold Miners ETF by 11.5% during the 1st quarter. Bank of America Corp DE now owns 8,345,307 shares of the exchange traded fund’s stock worth $765,849,000 after purchasing an additional 858,716 shares during the period. Finally, Keystone Investors PTE Ltd. purchased a new position in shares of VanEck Gold Miners ETF during the 4th quarter worth approximately $57,449,000.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA GDX traded down $2.14 during midday trading on Wednesday, hitting $86.08. The company’s stock had a trading volume of 10,925,141 shares, compared to its average volume of 24,523,799. The firm has a market capitalization of $25.75 billion, a price-to-earnings ratio of 21.70 and a beta of 0.68. The business’s fifty day simple moving average is $92.43 and its two-hundred day simple moving average is $87.67. VanEck Gold Miners ETF has a 1 year low of $68.13 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 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.