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

by · The Markets Daily

VanEck Gold Miners ETF (NYSEARCA:GDX – Get Free Report)’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

(Get Free Report)

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.

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