VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) Trading 5.8% Higher – Still a Buy?

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)’s share price traded up 5.8% on Friday . The stock traded as high as $112.13 and last traded at $112.07. 2,062,848 shares changed hands during trading, a decline of 68% from the average session volume of 6,459,410 shares. The stock had previously closed at $105.92.

VanEck Junior Gold Miners ETF Price Performance

The stock has a market cap of $9.12 billion, a P/E ratio of 24.09 and a beta of 0.74. The company’s 50 day simple moving average is $133.37 and its 200 day simple moving average is $113.90.

Institutional Trading of VanEck Junior Gold Miners ETF

Large investors have recently made changes to their positions in the company. Silver Oak Securities Incorporated raised its stake in VanEck Junior Gold Miners ETF by 1.8% during the 4th quarter. Silver Oak Securities Incorporated now owns 6,337 shares of the exchange traded fund’s stock worth $730,000 after buying an additional 109 shares during the period. Sumitomo Mitsui Financial Group Inc. grew its stake in VanEck Junior Gold Miners ETF by 2.1% in the fourth quarter. Sumitomo Mitsui Financial Group Inc. now owns 5,430 shares of the exchange traded fund’s stock valued at $618,000 after acquiring an additional 112 shares during the period. Truist Financial Corp increased its holdings in shares of VanEck Junior Gold Miners ETF by 1.4% in the third quarter. Truist Financial Corp now owns 8,543 shares of the exchange traded fund’s stock worth $846,000 after acquiring an additional 116 shares in the last quarter. Allworth Financial LP increased its holdings in shares of VanEck Junior Gold Miners ETF by 39.0% in the fourth quarter. Allworth Financial LP now owns 417 shares of the exchange traded fund’s stock worth $47,000 after acquiring an additional 117 shares in the last quarter. Finally, Veracity Capital LLC lifted its holdings in shares of VanEck Junior Gold Miners ETF by 3.7% during the 4th quarter. Veracity Capital LLC now owns 3,467 shares of the exchange traded fund’s stock valued at $395,000 after purchasing an additional 125 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.