VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Gap Down to $34.07

VanEck Gold Miners ETF (NYSEARCA:GDX) gapped down prior to trading on Monday . The stock had previously closed at $34.07, but opened at $32.60. VanEck Gold Miners ETF shares last traded at $33.06, with a volume of 10,672,644 shares.

VanEck Gold Miners ETF Trading Up 1.6 %

The company’s 50 day moving average is $30.20 and its 200 day moving average is $29.53. The company has a market cap of $13.82 billion, a PE ratio of 28.20 and a beta of 0.81.

Institutional Investors Weigh In On VanEck Gold Miners ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. City Holding Co. increased its holdings in VanEck Gold Miners ETF by 0.9% during the fourth quarter. City Holding Co. now owns 42,395 shares of the exchange traded fund’s stock valued at $1,314,000 after buying an additional 384 shares during the period. Cornerstone Wealth Management LLC lifted its position in shares of VanEck Gold Miners ETF by 2.3% during the fourth quarter. Cornerstone Wealth Management LLC now owns 17,319 shares of the exchange traded fund’s stock valued at $537,000 after buying an additional 391 shares during the last quarter. Kercheville Advisors LLC boosted its holdings in shares of VanEck Gold Miners ETF by 0.3% in the 4th quarter. Kercheville Advisors LLC now owns 150,910 shares of the exchange traded fund’s stock valued at $4,680,000 after buying an additional 404 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of VanEck Gold Miners ETF by 0.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 84,153 shares of the exchange traded fund’s stock worth $2,610,000 after buying an additional 415 shares during the last quarter. Finally, Rathbones Group PLC raised its stake in shares of VanEck Gold Miners ETF by 1.2% during the 4th quarter. Rathbones Group PLC now owns 35,434 shares of the exchange traded fund’s stock worth $1,099,000 after acquiring an additional 417 shares in 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.