VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) Hits New 52-Week High – What’s Next?

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $98.56 and last traded at $98.78, with a volume of 145043 shares. The stock had previously closed at $96.21.

VanEck Junior Gold Miners ETF Price Performance

The stock has a 50-day moving average price of $78.42 and a 200 day moving average price of $68.30. The firm has a market cap of $8.05 billion, a price-to-earnings ratio of 24.09 and a beta of 1.06.

Institutional Investors Weigh In On VanEck Junior Gold Miners ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of VanEck Junior Gold Miners ETF by 64.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,679 shares of the exchange traded fund’s stock valued at $328,000 after purchasing an additional 3,002 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in VanEck Junior Gold Miners ETF by 55.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 33,181 shares of the exchange traded fund’s stock valued at $1,898,000 after buying an additional 11,824 shares in the last quarter. Focus Financial Network Inc. lifted its position in 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 buying an additional 580 shares in the last quarter. Royal Bank of Canada lifted its position in VanEck Junior Gold Miners ETF by 2.4% during the first quarter. Royal Bank of Canada now owns 349,218 shares of the exchange traded fund’s stock valued at $19,975,000 after buying an additional 8,153 shares in the last quarter. Finally, SlateStone Wealth LLC acquired a new position in VanEck Junior Gold Miners ETF during the first quarter valued at approximately $214,000.

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.