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

Shares of VanEck Gold Miners ETF (NYSEARCA:GDX) hit a new 52-week high during trading on Monday . The stock traded as high as $67.33 and last traded at $67.05, with a volume of 851726 shares changing hands. The stock had previously closed at $66.34.

VanEck Gold Miners ETF Price Performance

The company’s fifty day moving average price is $56.20 and its 200 day moving average price is $50.55. The company has a market cap of $19.59 billion, a PE ratio of 21.70 and a beta of 0.77.

Hedge Funds Weigh In On VanEck Gold Miners ETF

Several institutional investors have recently added to or reduced their stakes in GDX. Acas LLC raised its holdings in shares of VanEck Gold Miners ETF by 3.0% during the 2nd quarter. Acas LLC now owns 6,445 shares of the exchange traded fund’s stock worth $336,000 after acquiring an additional 190 shares in the last quarter. North Forty Two & Co. increased its stake in VanEck Gold Miners ETF by 4.1% in the second quarter. North Forty Two & Co. now owns 5,100 shares of the exchange traded fund’s stock worth $266,000 after purchasing an additional 200 shares during the period. Aspect Partners LLC increased its stake in VanEck Gold Miners ETF by 3.9% in the second quarter. Aspect Partners LLC now owns 5,572 shares of the exchange traded fund’s stock worth $290,000 after purchasing an additional 208 shares during the period. Hoey Investments Inc. increased its stake in VanEck Gold Miners ETF by 71.0% in the second quarter. Hoey Investments Inc. now owns 513 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 213 shares during the period. Finally, LaSalle St. Investment Advisors LLC increased its stake in VanEck Gold Miners ETF by 0.5% in the first quarter. LaSalle St. Investment Advisors LLC now owns 43,374 shares of the exchange traded fund’s stock worth $1,993,000 after purchasing an additional 219 shares during the period.

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.