VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) Reaches New 12-Month High – Here’s What Happened

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $55.43 and last traded at $55.42, with a volume of 636096 shares trading hands. The stock had previously closed at $54.05.

VanEck Junior Gold Miners ETF Stock Down 2.3 %

The company has a 50 day moving average of $48.25 and a two-hundred day moving average of $45.19. The firm has a market cap of $6.35 billion, a P/E ratio of 24.80 and a beta of 1.03.

Institutional Investors Weigh In On VanEck Junior Gold Miners ETF

A number of institutional investors and hedge funds have recently bought and sold shares of GDXJ. Pettinga Financial Advisors LLC raised its holdings in shares of VanEck Junior Gold Miners ETF by 18.7% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 10,479 shares of the exchange traded fund’s stock worth $511,000 after purchasing an additional 1,650 shares in the last quarter. Signaturefd LLC grew its position in VanEck Junior Gold Miners ETF by 103.1% in the third quarter. Signaturefd LLC now owns 2,774 shares of the exchange traded fund’s stock worth $135,000 after buying an additional 1,408 shares during the last quarter. PCG Wealth Advisors LLC grew its position in VanEck Junior Gold Miners ETF by 180.0% in the third quarter. PCG Wealth Advisors LLC now owns 75,988 shares of the exchange traded fund’s stock worth $3,709,000 after buying an additional 48,847 shares during the last quarter. NBC Securities Inc. increased its holdings in shares of VanEck Junior Gold Miners ETF by 523.5% in the third quarter. NBC Securities Inc. now owns 2,650 shares of the exchange traded fund’s stock valued at $129,000 after buying an additional 2,225 shares in the last quarter. Finally, Creative Planning acquired a new stake in shares of VanEck Junior Gold Miners ETF during the 3rd quarter valued at $230,000.

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.