VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Gap Up – Here’s Why

by · The Cerbat Gem

Shares of VanEck Gold Miners ETF (NYSEARCA:GDX – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $47.08, but opened at $48.87. VanEck Gold Miners ETF shares last traded at $48.21, with a volume of 5,353,584 shares changing hands.

VanEck Gold Miners ETF Price Performance

The stock’s 50-day simple moving average is $45.33 and its 200 day simple moving average is $40.67. The stock has a market capitalization of $15.37 billion, a P/E ratio of 20.72 and a beta of 0.84.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Eastern Bank bought a new position in shares of VanEck Gold Miners ETF in the 4th quarter worth about $25,000. Financial Connections Group Inc. purchased a new position in shares of VanEck Gold Miners ETF in the 4th quarter worth approximately $25,000. Roxbury Financial LLC bought a new stake in shares of VanEck Gold Miners ETF during the 4th quarter worth $25,000. Investors Research Corp grew its stake in shares of VanEck Gold Miners ETF by 57.3% during the 1st quarter. Investors Research Corp now owns 689 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 251 shares during the period. Finally, Rothschild Investment LLC raised its holdings in 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 valued at $34,000 after acquiring an additional 500 shares during the period.

VanEck Gold Miners ETF Company Profile

(Get Free Report)

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.

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