VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) Hits New 52-Week High – Here’s What Happened

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $121.39 and last traded at $119.9610, with a volume of 400085 shares changing hands. The stock had previously closed at $118.97.

VanEck Junior Gold Miners ETF Price Performance

The firm has a market capitalization of $10.28 billion, a P/E ratio of 24.09 and a beta of 0.74. The company has a fifty day moving average of $102.80 and a 200 day moving average of $87.07.

Institutional Trading of VanEck Junior Gold Miners ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Focus Financial Network Inc. increased its position in VanEck Junior Gold Miners ETF by 13.8% during the second quarter. Focus Financial Network Inc. now owns 4,784 shares of the exchange traded fund’s stock worth $323,000 after acquiring an additional 580 shares during the period. Envestnet Asset Management Inc. increased its holdings in VanEck Junior Gold Miners ETF by 28.7% during the second quarter. Envestnet Asset Management Inc. now owns 51,110 shares of the exchange traded fund’s stock worth $3,455,000 after buying an additional 11,390 shares during the last quarter. Twelve Points Wealth Management LLC bought a new position in shares of VanEck Junior Gold Miners ETF during the second quarter worth approximately $217,000. Royal Bank of Canada increased its holdings in VanEck Junior Gold Miners ETF by 2.4% in the 1st quarter. Royal Bank of Canada now owns 349,218 shares of the exchange traded fund’s stock valued at $19,975,000 after buying an additional 8,153 shares during the period. Finally, CWM LLC increased its holdings in VanEck Junior Gold Miners ETF by 19.0% in the 2nd quarter. CWM LLC now owns 26,239 shares of the exchange traded fund’s stock worth $1,773,000 after purchasing an additional 4,184 shares in the last quarter.

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.