VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Gap Up to $26.68

VanEck Gold Miners ETF (NYSEARCA:GDX – Get Rating)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $26.68, but opened at $27.30. VanEck Gold Miners ETF shares last traded at $27.67, with a volume of 6,107,389 shares.

VanEck Gold Miners ETF Stock Performance

The stock has a market cap of $11.59 billion, a price-to-earnings ratio of 15.72 and a beta of 0.72. The company has a 50-day simple moving average of $30.04 and a two-hundred day simple moving average of $27.39.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Caisse DE Depot ET Placement DU Quebec acquired a new position in VanEck Gold Miners ETF in the 3rd quarter valued at $177,023,000. SPX Gestao de Recursos Ltda bought a new stake in shares of VanEck Gold Miners ETF during the 4th quarter valued at about $114,554,000. National Bank of Canada FI boosted its position in shares of VanEck Gold Miners ETF by 13,650.2% during the 4th quarter. National Bank of Canada FI now owns 3,352,708 shares of the exchange traded fund’s stock valued at $96,016,000 after purchasing an additional 3,328,325 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in VanEck Gold Miners ETF by 1,886.7% in the third quarter. Two Sigma Advisers LP now owns 2,366,200 shares of the exchange traded fund’s stock worth $57,073,000 after acquiring an additional 2,247,100 shares in the last quarter. Finally, Synovus Financial Corp boosted its holdings in VanEck Gold Miners ETF by 2,722.5% in the fourth quarter. Synovus Financial Corp now owns 2,255,570 shares of the exchange traded fund’s stock worth $64,645,000 after acquiring an additional 2,175,655 shares in the last quarter.

About VanEck Gold Miners ETF

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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.