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

Shares of VanEck Gold Miners ETF (NYSEARCA:GDX) reached a new 52-week high on Monday . The company traded as high as $44.32 and last traded at $44.20, with a volume of 1962863 shares. The stock had previously closed at $43.64.

VanEck Gold Miners ETF Stock Performance

The stock’s fifty day moving average is $39.88 and its two-hundred day moving average is $38.84. The firm has a market cap of $14.87 billion, a price-to-earnings ratio of 20.34 and a beta of 0.95.

Hedge Funds Weigh In On VanEck Gold Miners ETF

Several large investors have recently bought and sold shares of the stock. Ausdal Financial Partners Inc. increased its stake in VanEck Gold Miners ETF by 2.2% during the 4th quarter. Ausdal Financial Partners Inc. now owns 11,341 shares of the exchange traded fund’s stock valued at $385,000 after buying an additional 249 shares during the period. Centennial Wealth Advisory LLC grew its stake in shares of VanEck Gold Miners ETF by 2.8% in the 4th quarter. Centennial Wealth Advisory LLC now owns 10,576 shares of the exchange traded fund’s stock worth $359,000 after purchasing an additional 288 shares during the last quarter. Bogart Wealth LLC grew its stake in shares of VanEck Gold Miners ETF by 9.5% in the 4th quarter. Bogart Wealth LLC now owns 3,472 shares of the exchange traded fund’s stock worth $118,000 after purchasing an additional 300 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of VanEck Gold Miners ETF by 1.3% in the 4th quarter. Integrated Wealth Concepts LLC now owns 26,323 shares of the exchange traded fund’s stock worth $893,000 after purchasing an additional 348 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC grew its stake in shares of VanEck Gold Miners ETF by 4.3% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 9,051 shares of the exchange traded fund’s stock worth $307,000 after purchasing an additional 375 shares during the last quarter.

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.