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

VanEck Gold Miners ETF (NYSEARCA:GDX)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $111.48 and last traded at $112.1760, with a volume of 4734083 shares traded. The stock had previously closed at $107.02.

VanEck Gold Miners ETF Stock Performance

The firm has a market capitalization of $33.34 billion, a PE ratio of 21.70 and a beta of 0.55. The company’s fifty day moving average price is $87.25 and its two-hundred day moving average price is $73.63.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. New Republic Capital LLC purchased a new position in shares of VanEck Gold Miners ETF in the 3rd quarter valued at $29,000. Highline Wealth Partners LLC raised its position in VanEck Gold Miners ETF by 45.0% in 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 period. Family Management Corp purchased a new position in VanEck Gold Miners ETF in the third quarter valued at about $38,000. Tradewinds Capital Management LLC lifted its stake in shares of VanEck Gold Miners ETF by 162.5% during the third quarter. Tradewinds Capital Management LLC now owns 525 shares of the exchange traded fund’s stock worth $40,000 after purchasing an additional 325 shares in the last quarter. Finally, Creekmur Asset Management LLC boosted its position in shares of VanEck Gold Miners ETF by 147.2% in the second quarter. Creekmur Asset Management LLC now owns 608 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 362 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.