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

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

VanEck Gold Miners ETF Price Performance

The firm has a market cap of $16.12 billion, a PE ratio of 21.51 and a beta of 0.84. The company’s 50 day moving average price is $42.85 and its 200 day moving average price is $39.67.

Institutional Trading of VanEck Gold Miners ETF

Large investors have recently made changes to their positions in the company. Eastern Bank acquired a new stake in VanEck Gold Miners ETF in the fourth quarter valued at $25,000. Financial Connections Group Inc. purchased a new position in shares of VanEck Gold Miners ETF in the 4th quarter valued at about $25,000. Roxbury Financial LLC acquired a new stake in shares of VanEck Gold Miners ETF during the 4th quarter worth about $25,000. Investors Research Corp lifted its stake in VanEck Gold Miners ETF by 57.3% during the first quarter. Investors Research Corp now owns 689 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 251 shares during the last quarter. Finally, Rothschild Investment LLC boosted its holdings in VanEck Gold Miners ETF by 100.0% in the fourth quarter. Rothschild Investment LLC now owns 1,000 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 500 shares in 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.