VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Gap Down – Here’s What Happened

VanEck Gold Miners ETF (NYSEARCA:GDX) gapped down prior to trading on Monday . The stock had previously closed at $38.28, but opened at $36.99. VanEck Gold Miners ETF shares last traded at $37.06, with a volume of 3,673,555 shares changing hands.

VanEck Gold Miners ETF Trading Down 3.1 %

The firm has a market cap of $14.83 billion, a P/E ratio of 28.03 and a beta of 0.85. The business’s 50-day moving average is $39.84 and its two-hundred day moving average is $37.56.

Institutional Investors Weigh In On VanEck Gold Miners ETF

Several large investors have recently added to or reduced their stakes in GDX. Capital Investment Advisors LLC raised its holdings in shares of VanEck Gold Miners ETF by 9.8% during the second quarter. Capital Investment Advisors LLC now owns 17,668 shares of the exchange traded fund’s stock valued at $599,000 after buying an additional 1,580 shares during the last quarter. LRI Investments LLC bought a new position in VanEck Gold Miners ETF in the 1st quarter valued at about $31,000. Cornerstone Wealth Management LLC increased its stake in VanEck Gold Miners ETF by 2.7% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 17,168 shares of the exchange traded fund’s stock valued at $583,000 after buying an additional 454 shares during the period. Diversified Trust Co bought a new stake in shares of VanEck Gold Miners ETF during the 2nd quarter worth about $258,000. Finally, &PARTNERS acquired a new stake in shares of VanEck Gold Miners ETF in the 2nd quarter worth approximately $341,000.

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.