VanEck Gold Miners ETF (NYSEARCA:GDX – Get Rating)’s share price hit a new 52-week low during trading on Friday . The stock traded as low as $22.59 and last traded at $22.62, with a volume of 891686 shares changing hands. The stock had previously closed at $23.74.
VanEck Gold Miners ETF Trading Down 5.8 %
The firm has a 50-day simple moving average of $25.25 and a 200 day simple moving average of $30.90.
Hedge Funds Weigh In On VanEck Gold Miners ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. purchased a new position in shares of VanEck Gold Miners ETF in the 2nd quarter worth about $25,000. Total Clarity Wealth Management Inc. purchased a new stake in shares of VanEck Gold Miners ETF during the second quarter valued at approximately $27,000. Castle Wealth Management LLC purchased a new stake in shares of VanEck Gold Miners ETF during the second quarter valued at approximately $28,000. FourThought Financial LLC grew its holdings in shares of VanEck Gold Miners ETF by 1,500.0% during the first quarter. FourThought Financial LLC now owns 800 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 750 shares during the last quarter. Finally, Delos Wealth Advisors LLC purchased a new stake in shares of VanEck Gold Miners ETF during the first quarter valued at approximately $31,000.
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.
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