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

VanEck Gold Miners ETF (NYSEARCA:GDX) gapped down before the market opened 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 Stock Performance

The company has a market cap of $13.82 billion, a price-to-earnings ratio of 28.20 and a beta of 0.81. The business has a 50-day simple moving average of $30.20 and a 200-day simple moving average of $29.53.

Institutional Investors Weigh In On VanEck Gold Miners ETF

Several institutional investors have recently modified their holdings of GDX. Headlands Technologies LLC purchased a new stake in shares of VanEck Gold Miners ETF during the 4th quarter worth approximately $26,000. Atwood & Palmer Inc. acquired a new stake in shares of VanEck Gold Miners ETF during the first quarter worth about $27,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of VanEck Gold Miners ETF during the fourth quarter worth about $32,000. Union Savings Bank purchased a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter valued at about $38,000. Finally, Family Asset Management LLC acquired a new stake in shares of VanEck Gold Miners ETF in the 4th quarter valued at about $38,000.

VanEck Gold Miners ETF Company Profile

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.