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

VanEck Gold Miners ETF (NYSEARCA:GDX)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $47.66 and last traded at $47.17, with a volume of 35462798 shares traded. The stock had previously closed at $44.99.

VanEck Gold Miners ETF Stock Up 5.4 %

The firm has a fifty day simple moving average of $42.85 and a 200-day simple moving average of $39.67. The company has a market cap of $16.12 billion, a PE ratio of 21.51 and a beta of 0.84.

Hedge Funds Weigh In On VanEck Gold Miners ETF

Institutional investors have recently bought and sold shares of the company. Ausdal Financial Partners Inc. lifted its holdings in VanEck Gold Miners ETF by 2.2% in the fourth quarter. Ausdal Financial Partners Inc. now owns 11,341 shares of the exchange traded fund’s stock valued at $385,000 after acquiring an additional 249 shares during the period. Investors Research Corp increased its holdings in shares of VanEck Gold Miners ETF by 57.3% in the 1st quarter. Investors Research Corp now owns 689 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 251 shares in the last quarter. Centennial Wealth Advisory LLC lifted its stake in shares of VanEck Gold Miners ETF by 2.8% in the fourth quarter. Centennial Wealth Advisory LLC now owns 10,576 shares of the exchange traded fund’s stock valued at $359,000 after purchasing an additional 288 shares during the period. Bogart Wealth LLC boosted its holdings in VanEck Gold Miners ETF by 9.5% during the fourth quarter. Bogart Wealth LLC now owns 3,472 shares of the exchange traded fund’s stock worth $118,000 after buying an additional 300 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew its position in VanEck Gold Miners ETF by 1.3% during the fourth quarter. Integrated Wealth Concepts LLC now owns 26,323 shares of the exchange traded fund’s stock worth $893,000 after buying an additional 348 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.