VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) Reaches New 1-Year High – Still a Buy?

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

VanEck Junior Gold Miners ETF Stock Performance

The company has a market cap of $5.34 billion, a P/E ratio of 19.93 and a beta of 1.24. The firm’s 50 day moving average price is $49.16 and its two-hundred day moving average price is $48.35.

Hedge Funds Weigh In On VanEck Junior Gold Miners ETF

A number of large investors have recently added to or reduced their stakes in the business. Tocqueville Asset Management L.P. lifted its holdings in shares of VanEck Junior Gold Miners ETF by 2.5% during the fourth quarter. Tocqueville Asset Management L.P. now owns 8,198 shares of the exchange traded fund’s stock valued at $350,000 after purchasing an additional 200 shares in the last quarter. Principal Securities Inc. raised its stake in VanEck Junior Gold Miners ETF by 20.7% during the 4th quarter. Principal Securities Inc. now owns 1,411 shares of the exchange traded fund’s stock worth $60,000 after acquiring an additional 242 shares during the period. MML Investors Services LLC lifted its stake in shares of VanEck Junior Gold Miners ETF by 4.2% during the 3rd quarter. MML Investors Services LLC now owns 6,549 shares of the exchange traded fund’s stock valued at $320,000 after buying an additional 266 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of VanEck Junior Gold Miners ETF by 2.1% in the fourth quarter. NewEdge Advisors LLC now owns 13,261 shares of the exchange traded fund’s stock worth $567,000 after acquiring an additional 268 shares during the period. Finally, U.S. Capital Wealth Advisors LLC boosted its stake in VanEck Junior Gold Miners ETF by 6.5% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 4,946 shares of the exchange traded fund’s stock worth $211,000 after purchasing an additional 300 shares during the period.

VanEck Junior Gold Miners ETF Company Profile

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.