VanEck Gold Miners ETF (NYSEARCA:GDX) Share Price Breaks Above 200-Day Moving Average – What’s Next?

VanEck Gold Miners ETF (NYSEARCA:GDX)’s stock price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $90.29 and traded as high as $92.02. VanEck Gold Miners ETF shares last traded at $91.46, with a volume of 30,643,402 shares changing hands.

VanEck Gold Miners ETF Stock Down 1.5%

The firm’s fifty day moving average is $89.16 and its two-hundred day moving average is $90.19. The firm has a market cap of $26.39 billion, a P/E ratio of 13.65 and a beta of 0.70.

Institutional Investors Weigh In On VanEck Gold Miners ETF

A number of large investors have recently modified their holdings of GDX. Avalon Trust Co bought a new stake in VanEck Gold Miners ETF during the 1st quarter valued at approximately $26,000. Hickory Point Bank & Trust bought a new position in shares of VanEck Gold Miners ETF in the 3rd quarter worth approximately $30,000. Signature Equity Partners LLC bought a new position in shares of VanEck Gold Miners ETF in the 3rd quarter worth approximately $33,000. Hantz Financial Services Inc. purchased a new position in shares of VanEck Gold Miners ETF in the 3rd quarter valued at approximately $48,000. Finally, Eastern Bank purchased a new position in shares of VanEck Gold Miners ETF in the 3rd quarter valued at approximately $53,000.

VanEck Gold Miners ETF Company Profile

The Fund seeks to match as closely as possible the price and yield performance of the MarketVector Global 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.