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

VanEck Gold Miners ETF (NYSEARCA:GDX) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $45.65 and last traded at $45.44, with a volume of 2219867 shares changing hands. The stock had previously closed at $44.67.

VanEck Gold Miners ETF Price Performance

The stock’s 50-day moving average is $40.93 and its 200 day moving average is $39.15. The stock has a market cap of $15.16 billion, a price-to-earnings ratio of 20.34 and a beta of 0.95.

Institutional Trading of VanEck Gold Miners ETF

Institutional investors have recently added to or reduced their stakes in the stock. Eastern Bank purchased a new position in shares of VanEck Gold Miners ETF in the fourth quarter valued at $25,000. Financial Connections Group Inc. purchased a new position in VanEck Gold Miners ETF during the 4th quarter valued at about $25,000. Roxbury Financial LLC acquired a new position in VanEck Gold Miners ETF during the fourth quarter worth about $25,000. Rothschild Investment LLC increased its stake in shares of VanEck Gold Miners ETF by 100.0% during the 4th quarter. Rothschild Investment LLC now owns 1,000 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 500 shares in the last quarter. Finally, Millstone Evans Group LLC acquired a new position in shares of VanEck Gold Miners ETF during the 4th quarter worth approximately $34,000.

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.