VanEck Gold Miners ETF (NYSEARCA:GDX – Get Free Report)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $85.50 and last traded at $86.0220, with a volume of 6044693 shares trading hands. The stock had previously closed at $83.32.
VanEck Gold Miners ETF Stock Performance
The stock has a market capitalization of $25.90 billion, a PE ratio of 21.70 and a beta of 0.55. The firm has a 50 day moving average of $76.78 and a 200-day moving average of $64.64.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GDX. Hoey Investments Inc. boosted its stake in shares of VanEck Gold Miners ETF by 71.0% during the 2nd quarter. Hoey Investments Inc. now owns 513 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 213 shares during the period. New Republic Capital LLC acquired a new position in shares of VanEck Gold Miners ETF in the third quarter worth $29,000. Creekmur Asset Management LLC raised its holdings in shares of VanEck Gold Miners ETF by 147.2% during the second quarter. Creekmur Asset Management LLC now owns 608 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 362 shares in the last quarter. Highline Wealth Partners LLC boosted its position in VanEck Gold Miners ETF by 45.0% during the third quarter. Highline Wealth Partners LLC now owns 435 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 135 shares during the last quarter. Finally, RMG Wealth Management LLC purchased a new position in VanEck Gold Miners ETF in the second quarter valued at about $34,000.
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.
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