VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) Hits New 12-Month High – Should You Buy?
by Mitch Edgeman · The Markets DailyVanEck Junior Gold Miners ETF (NYSEARCA:GDXJ – Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $122.78 and last traded at $122.7410, with a volume of 1444527 shares changing hands. The stock had previously closed at $120.98.
VanEck Junior Gold Miners ETF Price Performance
The company has a market capitalization of $10.02 billion, a price-to-earnings ratio of 24.09 and a beta of 0.74. The business has a fifty day moving average price of $106.99 and a 200 day moving average price of $90.39.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Focus Financial Network Inc. grew its holdings in shares of VanEck Junior Gold Miners ETF by 13.8% during the 2nd quarter. Focus Financial Network Inc. now owns 4,784 shares of the exchange traded fund’s stock worth $323,000 after purchasing an additional 580 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in VanEck Junior Gold Miners ETF by 28.7% during the second quarter. Envestnet Asset Management Inc. now owns 51,110 shares of the exchange traded fund’s stock worth $3,455,000 after acquiring an additional 11,390 shares in the last quarter. Twelve Points Wealth Management LLC bought a new position in VanEck Junior Gold Miners ETF during the 2nd quarter valued at about $217,000. CWM LLC raised its stake in shares of VanEck Junior Gold Miners ETF by 19.0% in the second quarter. CWM LLC now owns 26,239 shares of the exchange traded fund’s stock valued at $1,773,000 after acquiring an additional 4,184 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC raised its position in VanEck Junior Gold Miners ETF by 11.7% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 4,186 shares of the exchange traded fund’s stock valued at $283,000 after purchasing an additional 440 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.