VanEck Gold Miners ETF (NYSEARCA:GDX) Sets New 12-Month High – Should You Buy?

VanEck Gold Miners ETF (NYSEARCA:GDX) shares reached a new 52-week high during trading on Monday . The company traded as high as $44.32 and last traded at $44.20, with a volume of 1962863 shares. The stock had previously closed at $43.64.

VanEck Gold Miners ETF Stock Up 1.1 %

The firm has a 50-day simple moving average of $39.48 and a 200 day simple moving average of $38.76. The company has a market cap of $14.62 billion, a price-to-earnings ratio of 20.34 and a beta of 0.95.

Institutional Investors Weigh In On VanEck Gold Miners ETF

Several institutional investors have recently made changes to their positions in GDX. Eastern Bank purchased a new stake in shares of VanEck Gold Miners ETF in the fourth quarter valued at $25,000. Financial Connections Group Inc. acquired a new stake in shares of VanEck Gold Miners ETF during the 4th quarter worth about $25,000. Roxbury Financial LLC purchased a new stake in shares of VanEck Gold Miners ETF during the fourth quarter worth about $25,000. Rothschild Investment LLC raised its position in shares of 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 buying an additional 500 shares during the last quarter. Finally, Millstone Evans Group LLC purchased a new position in shares of VanEck Gold Miners ETF during the fourth quarter valued at approximately $34,000.

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.