VanEck Gold Miners ETF (NYSEARCA:GDX) Sets New 1-Year High – Here’s What Happened

VanEck Gold Miners ETF (NYSEARCA:GDX)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $88.69 and last traded at $88.5360, with a volume of 11155841 shares changing hands. The stock had previously closed at $85.67.

VanEck Gold Miners ETF Trading Up 2.7%

The business has a 50-day moving average price of $77.75 and a 200-day moving average price of $66.01. The stock has a market cap of $26.41 billion, a PE ratio of 21.70 and a beta of 0.55.

Institutional Trading of VanEck Gold Miners ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Mainstay Capital Management LLC ADV purchased a new position in VanEck Gold Miners ETF in the 3rd quarter valued at about $1,421,000. Painted Porch Advisors LLC raised its holdings in shares of VanEck Gold Miners ETF by 216.4% during the third quarter. Painted Porch Advisors LLC now owns 1,313 shares of the exchange traded fund’s stock valued at $100,000 after acquiring an additional 898 shares during the last quarter. Strategic Investment Solutions Inc. IL lifted its position in shares of VanEck Gold Miners ETF by 11.3% in the third quarter. Strategic Investment Solutions Inc. IL now owns 6,909 shares of the exchange traded fund’s stock valued at $528,000 after acquiring an additional 700 shares in the last quarter. Allworth Financial LP lifted its position in shares of VanEck Gold Miners ETF by 96.3% in the third quarter. Allworth Financial LP now owns 8,258 shares of the exchange traded fund’s stock valued at $631,000 after acquiring an additional 4,051 shares in the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of VanEck Gold Miners ETF in the third quarter worth approximately $1,738,000.

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.