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

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) shares hit a new 52-week high on Wednesday . The stock traded as high as $63.34 and last traded at $62.97, with a volume of 3336393 shares trading hands. The stock had previously closed at $62.19.

VanEck Junior Gold Miners ETF Trading Down 1.6 %

The company has a market cap of $6.01 billion, a PE ratio of 20.74 and a beta of 1.06. The business has a 50 day simple moving average of $54.13 and a two-hundred day simple moving average of $50.07.

Institutional Trading of VanEck Junior Gold Miners ETF

A number of hedge funds have recently added to or reduced their stakes in GDXJ. MML Investors Services LLC grew 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 during the period. Janney Montgomery Scott LLC grew its position in VanEck Junior Gold Miners ETF by 38.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 27,057 shares of the exchange traded fund’s stock valued at $1,157,000 after acquiring an additional 7,498 shares during the period. Fisher Asset Management LLC acquired a new stake in VanEck Junior Gold Miners ETF during the fourth quarter worth about $215,000. Blue Trust Inc. raised its holdings in shares of VanEck Junior Gold Miners ETF by 50.0% in the 4th quarter. Blue Trust Inc. now owns 2,100 shares of the exchange traded fund’s stock worth $90,000 after purchasing an additional 700 shares during the period. Finally, Corient Private Wealth LLC lifted its stake in shares of VanEck Junior Gold Miners ETF by 24.1% in the 4th quarter. Corient Private Wealth LLC now owns 9,058 shares of the exchange traded fund’s stock valued at $387,000 after purchasing an additional 1,758 shares in the last quarter.

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.