VanEck Gold Miners ETF (NYSEARCA:GDX) Trading 4.6% Higher – Here’s Why

VanEck Gold Miners ETF (NYSEARCA:GDX) traded up 4.6% during trading on Thursday . The stock traded as high as $47.10 and last traded at $47.08. 9,366,046 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 20,523,141 shares. The stock had previously closed at $44.99.

VanEck Gold Miners ETF Price Performance

The stock has a market cap of $16.12 billion, a price-to-earnings ratio of 21.51 and a beta of 0.84. The business has a fifty day moving average of $42.85 and a 200 day moving average of $39.67.

Institutional Investors Weigh In On VanEck Gold Miners ETF

A number of large investors have recently bought and sold shares of the business. Roxbury Financial LLC bought a new position in shares of VanEck Gold Miners ETF in the 4th quarter valued at approximately $25,000. Investors Research Corp raised its position in shares of VanEck Gold Miners ETF by 57.3% in the first 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 during the period. Eastern Bank acquired a new stake in shares of VanEck Gold Miners ETF in the fourth quarter worth $25,000. Financial Connections Group Inc. bought a new stake in shares of VanEck Gold Miners ETF during the 4th quarter worth $25,000. Finally, Rothschild Investment LLC raised its holdings in VanEck Gold Miners ETF by 100.0% in the 4th quarter. Rothschild Investment LLC now owns 1,000 shares of the exchange traded fund’s stock worth $34,000 after acquiring an additional 500 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.