Norris Financial Group LLC bought a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 38,418 shares of the exchange traded fund’s stock, valued at approximately $3,526,000.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Avalon Trust Co acquired a new stake in VanEck Gold Miners ETF during the first quarter valued at $26,000. Princeton Global Asset Management LLC purchased a new position in VanEck Gold Miners ETF in the first quarter valued at about $27,000. Eukles Asset Management acquired a new position in VanEck Gold Miners ETF in the 4th quarter worth about $27,000. Bayban acquired a new position in VanEck Gold Miners ETF in the 4th quarter worth about $27,000. Finally, Evolution Wealth Management Inc. purchased a new stake in shares of VanEck Gold Miners ETF during the 1st quarter worth about $33,000.
VanEck Gold Miners ETF Price Performance
Shares of VanEck Gold Miners ETF stock opened at $76.78 on Friday. The firm has a market cap of $23.42 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65. The stock has a 50-day simple moving average of $78.82 and a 200-day simple moving average of $90.74. VanEck Gold Miners ETF has a 52-week low of $51.37 and a 52-week high of $117.18.
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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