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

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

VanEck Junior Gold Miners ETF Trading Up 2.2%

The stock has a market cap of $10.38 billion, a P/E ratio of 24.09 and a beta of 0.74. The business has a 50-day simple moving average of $103.17 and a 200 day simple moving average of $87.56.

Institutional Investors Weigh In On VanEck Junior Gold Miners ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Focus Financial Network Inc. boosted its stake in shares of 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 valued at $323,000 after purchasing an additional 580 shares during the period. Envestnet Asset Management Inc. raised its holdings in VanEck Junior Gold Miners ETF by 28.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 51,110 shares of the exchange traded fund’s stock valued at $3,455,000 after buying an additional 11,390 shares during the last quarter. Twelve Points Wealth Management LLC purchased a new stake in VanEck Junior Gold Miners ETF during the 2nd quarter valued at $217,000. Royal Bank of Canada grew 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 worth $19,975,000 after acquiring an additional 8,153 shares during the last quarter. Finally, CWM LLC grew 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 acquiring an additional 4,184 shares during 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.