Lexington Hill Partners LLC Invests $1.12 Million in VanEck Gold Miners ETF $GDX

Lexington Hill Partners LLC acquired a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 13,040 shares of the exchange traded fund’s stock, valued at approximately $1,118,000. VanEck Gold Miners ETF comprises about 0.8% of Lexington Hill Partners LLC’s investment portfolio, making the stock its 25th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Eukles Asset Management bought a new position in VanEck Gold Miners ETF in the 4th quarter worth approximately $27,000. Morton Brown Family Wealth LLC acquired a new position in shares of VanEck Gold Miners ETF during the fourth quarter worth approximately $36,000. Hantz Financial Services Inc. boosted its position in shares of VanEck Gold Miners ETF by 298.2% in the fourth quarter. Hantz Financial Services Inc. now owns 450 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 337 shares during the period. Family Management Corp bought a new stake in shares of VanEck Gold Miners ETF in the third quarter valued at approximately $38,000. Finally, Greykasell Wealth Strategies Inc. acquired a new stake in shares of VanEck Gold Miners ETF in the fourth quarter worth $51,000.

VanEck Gold Miners ETF Trading Down 2.2%

Shares of VanEck Gold Miners ETF stock opened at $82.51 on Friday. VanEck Gold Miners ETF has a 1 year low of $50.32 and a 1 year high of $117.18. The company’s fifty day simple moving average is $89.46 and its 200-day simple moving average is $93.01. The company has a market cap of $25.42 billion, a price-to-earnings ratio of 21.70 and a beta of 0.60.

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.