VanEck Gold Miners ETF (NYSEARCA:GDX) Hits New 52-Week High – What’s Next?

VanEck Gold Miners ETF (NYSEARCA:GDX)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $102.02 and last traded at $102.1260, with a volume of 5917467 shares trading hands. The stock had previously closed at $97.24.

VanEck Gold Miners ETF Stock Performance

The stock has a market cap of $31.22 billion, a PE ratio of 21.70 and a beta of 0.55. The company’s 50-day moving average price is $86.07 and its 200 day moving average price is $72.72.

Institutional Trading of VanEck Gold Miners ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. KFA Private Wealth Group LLC boosted its stake in VanEck Gold Miners ETF by 2.7% during the fourth quarter. KFA Private Wealth Group LLC now owns 4,454 shares of the exchange traded fund’s stock worth $382,000 after buying an additional 117 shares during the period. Highline Wealth Partners LLC increased its holdings in VanEck Gold Miners ETF by 45.0% in the 3rd 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. Chemistry Wealth Management LLC raised its position in 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. LifeGoal Investments LLC lifted its stake in VanEck Gold Miners ETF by 3.6% during the fourth quarter. LifeGoal Investments LLC now owns 4,765 shares of the exchange traded fund’s stock worth $409,000 after purchasing an additional 164 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its position in shares of 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 during the period.

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.