VanEck Gold Miners ETF (NYSEARCA:GDX) Trading Up 3.5%

Shares of VanEck Gold Miners ETF (NYSEARCA:GDX) were up 3.5% during mid-day trading on Friday . The stock traded as high as $35.74 and last traded at $35.65. Approximately 16,784,398 shares traded hands during trading, a decline of 33% from the average daily volume of 25,111,355 shares. The stock had previously closed at $34.45.

VanEck Gold Miners ETF Stock Down 2.0 %

The company’s 50 day moving average price is $29.33 and its 200-day moving average price is $29.17. The stock has a market cap of $13.52 billion, a P/E ratio of 15.72 and a beta of 0.77.

Hedge Funds Weigh In On VanEck Gold Miners ETF

Several large investors have recently modified their holdings of the business. Morton Capital Management LLC CA raised its stake in VanEck Gold Miners ETF by 2.7% during the first quarter. Morton Capital Management LLC CA now owns 88,335 shares of the exchange traded fund’s stock worth $2,793,000 after buying an additional 2,317 shares during the last quarter. Global Assets Advisory LLC bought a new position in VanEck Gold Miners ETF during the first quarter worth $1,128,000. AdvisorNet Financial Inc raised its stake in VanEck Gold Miners ETF by 22.1% during the first quarter. AdvisorNet Financial Inc now owns 5,405 shares of the exchange traded fund’s stock worth $171,000 after buying an additional 980 shares during the last quarter. True North Advisors LLC bought a new position in VanEck Gold Miners ETF during the first quarter worth $257,000. Finally, City Holding Co. raised its stake in VanEck Gold Miners ETF by 1.1% during the first quarter. City Holding Co. now owns 42,870 shares of the exchange traded fund’s stock worth $1,355,000 after buying an additional 475 shares during 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.