VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) Hits New 12-Month High – Here’s Why

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $55.84 and last traded at $55.71, with a volume of 495182 shares traded. The stock had previously closed at $54.99.

VanEck Junior Gold Miners ETF Trading Down 0.2 %

The business’s fifty day simple moving average is $49.66 and its 200 day simple moving average is $48.50. The stock has a market cap of $5.40 billion, a P/E ratio of 19.93 and a beta of 1.24.

Institutional Investors Weigh In On VanEck Junior Gold Miners ETF

A number of hedge funds have recently added to or reduced their stakes in GDXJ. Duncker Streett & Co. Inc. bought a new position in shares of VanEck Junior Gold Miners ETF in the 4th quarter valued at about $45,000. Principal Securities Inc. boosted its stake in shares of VanEck Junior Gold Miners ETF by 20.7% in the 4th quarter. Principal Securities Inc. now owns 1,411 shares of the exchange traded fund’s stock valued at $60,000 after purchasing an additional 242 shares during the last quarter. Millstone Evans Group LLC bought a new position in shares of VanEck Junior Gold Miners ETF in the 4th quarter valued at about $60,000. FMR LLC boosted its stake in shares of VanEck Junior Gold Miners ETF by 101.3% in the 3rd quarter. FMR LLC now owns 1,254 shares of the exchange traded fund’s stock valued at $61,000 after purchasing an additional 631 shares during the last quarter. Finally, Kiker Wealth Management LLC bought a new position in shares of VanEck Junior Gold Miners ETF in the 4th quarter valued at about $69,000.

About VanEck Junior Gold Miners ETF

Market Vectors Junior Gold Miners ETF (the Fund) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Junior Gold Miners Index (the Index). The Index provides exposure to a global universe of publicly traded small- and medium-capitalization companies that generate at least 50% of their revenues from gold and/or silver mining, hold real property that has the potential to produce at least 50% of the Company’s revenue from gold or silver mining when developed, or primarily invest in gold or silver.