Lonestar Capital Management LLC Invests $8.07 Million in VanEck Gold Miners ETF $GDX

Lonestar Capital Management LLC acquired a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 155,000 shares of the exchange traded fund’s stock, valued at approximately $8,069,000. VanEck Gold Miners ETF accounts for 3.0% of Lonestar Capital Management LLC’s portfolio, making the stock its 6th largest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Hoey Investments Inc. increased its holdings in VanEck Gold Miners ETF by 71.0% during the 2nd quarter. Hoey Investments Inc. now owns 513 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 213 shares in the last quarter. Creekmur Asset Management LLC grew its holdings in shares of VanEck Gold Miners ETF by 147.2% during the second quarter. Creekmur Asset Management LLC now owns 608 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 362 shares in the last quarter. RMG Wealth Management LLC acquired a new stake in VanEck Gold Miners ETF in the 2nd quarter valued at approximately $34,000. First Command Advisory Services Inc. acquired a new stake in VanEck Gold Miners ETF in the 2nd quarter valued at approximately $35,000. Finally, Keystone Global Partners LLC bought a new stake in VanEck Gold Miners ETF in the 1st quarter valued at approximately $48,000.

VanEck Gold Miners ETF Stock Down 0.7%

Shares of GDX opened at $85.66 on Friday. The stock has a market capitalization of $25.72 billion, a P/E ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a twelve month low of $33.42 and a twelve month high of $88.50. The company has a 50 day moving average of $77.14 and a 200-day moving average of $65.04.

About VanEck Gold Miners ETF

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.