VanEck Gold Miners ETF (NYSEARCA:GDX) Reaches New 12-Month High – What’s Next?

VanEck Gold Miners ETF (NYSEARCA:GDX) hit a new 52-week high during trading on Tuesday . The company traded as high as $91.84 and last traded at $91.4170, with a volume of 8783007 shares changing hands. The stock had previously closed at $88.45.

VanEck Gold Miners ETF Stock Up 0.5%

The business has a 50-day simple moving average of $81.68 and a 200-day simple moving average of $69.75. The stock has a market cap of $27.46 billion, a P/E ratio of 21.70 and a beta of 0.55.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GDX. AQR Capital Management LLC increased its stake in shares of VanEck Gold Miners ETF by 106.2% in the first quarter. AQR Capital Management LLC now owns 24,088 shares of the exchange traded fund’s stock worth $1,107,000 after purchasing an additional 12,408 shares during the period. Integrated Wealth Concepts LLC increased its position in VanEck Gold Miners ETF by 9.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 28,911 shares of the exchange traded fund’s stock worth $1,329,000 after buying an additional 2,588 shares during the period. Arete Wealth Advisors LLC lifted its holdings in shares of VanEck Gold Miners ETF by 40.6% during the first quarter. Arete Wealth Advisors LLC now owns 14,929 shares of the exchange traded fund’s stock worth $686,000 after buying an additional 4,311 shares during the last quarter. Integrity Alliance LLC. bought a new stake in shares of VanEck Gold Miners ETF in the first quarter valued at approximately $254,000. Finally, Belpointe Asset Management LLC grew its stake in shares of VanEck Gold Miners ETF by 124.5% in the first quarter. Belpointe Asset Management LLC now owns 81,209 shares of the exchange traded fund’s stock worth $3,733,000 after acquiring an additional 45,034 shares during the last quarter.

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.