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

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)’s stock price hit a new 52-week high on Thursday . The company traded as high as $113.66 and last traded at $114.2170, with a volume of 1063477 shares trading hands. The stock had previously closed at $110.89.

VanEck Junior Gold Miners ETF Price Performance

The stock has a market capitalization of $9.80 billion, a price-to-earnings ratio of 24.09 and a beta of 0.74. The firm has a 50 day simple moving average of $99.93 and a 200-day simple moving average of $83.41.

Hedge Funds Weigh In On VanEck Junior Gold Miners ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GDXJ. Tcfg Wealth Management LLC grew its stake in VanEck Junior Gold Miners ETF by 164.4% during the third quarter. Tcfg Wealth Management LLC now owns 73,818 shares of the exchange traded fund’s stock worth $7,310,000 after buying an additional 45,898 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of VanEck Junior Gold Miners ETF by 100.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 800 shares of the exchange traded fund’s stock worth $79,000 after acquiring an additional 400 shares in the last quarter. Captrust Financial Advisors grew its position in VanEck Junior Gold Miners ETF by 4.1% during the 3rd quarter. Captrust Financial Advisors now owns 107,329 shares of the exchange traded fund’s stock worth $10,629,000 after acquiring an additional 4,245 shares during the last quarter. Advisory Services Network LLC acquired a new stake in VanEck Junior Gold Miners ETF during the 3rd quarter valued at $345,000. Finally, Kestra Private Wealth Services LLC increased its holdings in VanEck Junior Gold Miners ETF by 6.9% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 4,653 shares of the exchange traded fund’s stock valued at $461,000 after purchasing an additional 300 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.