VanEck Gold Miners ETF (NYSEARCA:GDX) Hits New 12-Month Low at $28.82

VanEck Gold Miners ETF (NYSEARCA:GDXGet Rating)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $28.82 and last traded at $28.87, with a volume of 1590874 shares traded. The stock had previously closed at $30.08.

The firm’s fifty day simple moving average is $33.38 and its 200-day simple moving average is $33.69.

A number of institutional investors have recently added to or reduced their stakes in GDX. Prudential PLC bought a new stake in shares of VanEck Gold Miners ETF in the 1st quarter valued at $233,726,000. Toronto Dominion Bank increased its stake in shares of VanEck Gold Miners ETF by 4.7% in the 1st quarter. Toronto Dominion Bank now owns 4,820,426 shares of the exchange traded fund’s stock valued at $184,856,000 after acquiring an additional 218,099 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of VanEck Gold Miners ETF by 322.3% in the 1st quarter. JPMorgan Chase & Co. now owns 4,632,022 shares of the exchange traded fund’s stock valued at $177,639,000 after acquiring an additional 3,535,098 shares in the last quarter. Bank of Nova Scotia increased its stake in shares of VanEck Gold Miners ETF by 7,512.8% in the 1st quarter. Bank of Nova Scotia now owns 4,008,327 shares of the exchange traded fund’s stock valued at $153,719,000 after acquiring an additional 4,062,400 shares in the last quarter. Finally, Desjardins Global Asset Management Inc. increased its stake in shares of VanEck Gold Miners ETF by 1,184.2% in the 1st quarter. Desjardins Global Asset Management Inc. now owns 2,591,651 shares of the exchange traded fund’s stock valued at $99,386,000 after acquiring an additional 2,389,846 shares in the last quarter.

About VanEck Gold Miners ETF (NYSEARCA:GDX)

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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