VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) Reaches New 1-Year High – Here’s Why

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $58.60 and last traded at $57.63, with a volume of 955630 shares changing hands. The stock had previously closed at $57.46.

VanEck Junior Gold Miners ETF Trading Down 0.2 %

The company has a market capitalization of $5.49 billion, a P/E ratio of 19.93 and a beta of 1.24. The company’s fifty day moving average is $51.16 and its 200 day moving average is $49.03.

Institutional Investors Weigh In On VanEck Junior Gold Miners ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GDXJ. Duncker Streett & Co. Inc. bought a new stake in shares of VanEck Junior Gold Miners ETF in the 4th quarter worth $45,000. FMR LLC raised its stake in shares of VanEck Junior Gold Miners ETF by 101.3% in the third quarter. FMR LLC now owns 1,254 shares of the exchange traded fund’s stock worth $61,000 after buying an additional 631 shares during the period. Millstone Evans Group LLC bought a new position in shares of VanEck Junior Gold Miners ETF in the fourth quarter worth approximately $60,000. Principal Securities Inc. raised its holdings in VanEck Junior Gold Miners ETF by 20.7% during the fourth quarter. Principal Securities Inc. now owns 1,411 shares of the exchange traded fund’s stock valued at $60,000 after acquiring an additional 242 shares during the period. Finally, Kiker Wealth Management LLC bought a new position in VanEck Junior Gold Miners ETF in the 4th quarter worth approximately $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.