VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) Reaches New 1-Year High – Here’s Why

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $151.08 and last traded at $151.5970, with a volume of 938146 shares changing hands. The stock had previously closed at $145.03.

VanEck Junior Gold Miners ETF Trading Up 3.9%

The business has a fifty day simple moving average of $115.03 and a two-hundred day simple moving average of $95.64. The company has a market cap of $12.43 billion, a PE ratio of 24.09 and a beta of 0.74.

Institutional Investors Weigh In On VanEck Junior Gold Miners ETF

A number of large investors have recently made changes to their positions in the stock. Silver Oak Securities Incorporated lifted its position in VanEck Junior Gold Miners ETF by 1.8% during the fourth 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 in the last quarter. Truist Financial Corp increased its stake in shares of VanEck Junior Gold Miners ETF by 1.4% in the 3rd 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 during the last quarter. Beck Mack & Oliver LLC grew its holdings in shares of VanEck Junior Gold Miners ETF by 2.7% in the third quarter. Beck Mack & Oliver LLC now owns 5,650 shares of the exchange traded fund’s stock valued at $560,000 after purchasing an additional 150 shares during the period. TD Waterhouse Canada Inc. increased its position in VanEck Junior Gold Miners ETF by 98.1% during the third quarter. TD Waterhouse Canada Inc. now owns 321 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 159 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in VanEck Junior Gold Miners ETF by 58.5% during the second quarter. Farther Finance Advisors LLC now owns 474 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 175 shares during 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.