Lingotto Investment Management LLP Boosts Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Lingotto Investment Management LLP raised its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 4.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 owned 0.06% of VanEck Gold Miners ETF worth $7,940,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. E Fund Management Co. Ltd. lifted its stake in shares of VanEck Gold Miners ETF by 8.2% in the second quarter. E Fund Management Co. Ltd. now owns 76,953 shares of the exchange traded fund’s stock worth $2,611,000 after buying an additional 5,819 shares in the last quarter. Abbot Financial Management Inc. purchased a new position in shares of VanEck Gold Miners ETF in the second quarter worth about $668,000. Edgestream Partners L.P. purchased a new position in shares of VanEck Gold Miners ETF in the second quarter worth about $582,000. Pekin Hardy Strauss Inc. lifted its stake in shares of VanEck Gold Miners ETF by 0.3% in the second quarter. Pekin Hardy Strauss Inc. now owns 242,926 shares of the exchange traded fund’s stock worth $8,242,000 after buying an additional 665 shares in the last quarter. Finally, Rock Point Advisors LLC lifted its stake in shares of VanEck Gold Miners ETF by 4.7% in the second quarter. Rock Point Advisors LLC now owns 13,500 shares of the exchange traded fund’s stock worth $458,000 after buying an additional 600 shares in the last quarter.

VanEck Gold Miners ETF Trading Down 1.0 %

NYSEARCA:GDX opened at $39.51 on Wednesday. The company’s 50-day moving average price is $37.65 and its 200-day moving average price is $34.84. The company has a market cap of $15.79 billion, a P/E ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a twelve month low of $25.62 and a twelve month high of $40.23.

VanEck Gold Miners ETF 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.