Lincoln Capital LLC Invests $452,000 in VanEck Gold Miners ETF $GDX

Lincoln Capital LLC purchased a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,858 shares of the exchange traded fund’s stock, valued at approximately $452,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Highline Wealth Partners LLC lifted its holdings in VanEck Gold Miners ETF by 45.0% in the third quarter. Highline Wealth Partners LLC now owns 435 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 135 shares during the period. Chemistry Wealth Management LLC lifted its stake in shares of VanEck Gold Miners ETF by 1.0% in the third quarter. Chemistry Wealth Management LLC now owns 13,909 shares of the exchange traded fund’s stock valued at $1,063,000 after purchasing an additional 136 shares during the period. Sound Income Strategies LLC boosted its holdings in VanEck Gold Miners ETF by 1.7% during the third quarter. Sound Income Strategies LLC now owns 10,140 shares of the exchange traded fund’s stock worth $767,000 after buying an additional 169 shares in the last quarter. Golden State Wealth Management LLC grew its position in VanEck Gold Miners ETF by 7.0% during the third quarter. Golden State Wealth Management LLC now owns 2,583 shares of the exchange traded fund’s stock worth $197,000 after buying an additional 169 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in VanEck Gold Miners ETF by 0.9% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 20,932 shares of the exchange traded fund’s stock valued at $1,599,000 after buying an additional 179 shares in the last quarter.

VanEck Gold Miners ETF Trading Up 0.5%

GDX stock opened at $98.70 on Thursday. The firm has a 50 day moving average of $91.48 and a 200-day moving average of $76.33. The company has a market cap of $30.12 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 12-month low of $38.58 and a 12-month high of $113.50.

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.