VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $117.27 and traded as high as $127.46. VanEck Junior Gold Miners ETF shares last traded at $122.28, with a volume of 5,280,771 shares trading hands.

VanEck Junior Gold Miners ETF Stock Up 3.3%

The firm has a 50 day moving average of $108.74 and a 200 day moving average of $117.26. The firm has a market cap of $9.51 billion, a price-to-earnings ratio of 24.09 and a beta of 0.85.

Hedge Funds Weigh In On VanEck Junior Gold Miners ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Baird Financial Group Inc. boosted its stake in VanEck Junior Gold Miners ETF by 22.2% during the second quarter. Baird Financial Group Inc. now owns 26,075 shares of the exchange traded fund’s stock worth $1,762,000 after acquiring an additional 4,731 shares in the last quarter. Amundi increased its stake in VanEck Junior Gold Miners ETF by 97.1% in the second quarter. Amundi now owns 138,000 shares of the exchange traded fund’s stock valued at $9,418,000 after purchasing an additional 68,000 shares in the last quarter. Cerity Partners LLC increased its stake in VanEck Junior Gold Miners ETF by 15.7% in the second quarter. Cerity Partners LLC now owns 39,266 shares of the exchange traded fund’s stock valued at $2,654,000 after purchasing an additional 5,320 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of VanEck Junior Gold Miners ETF during the second quarter valued at about $7,914,000. Finally, NewEdge Advisors LLC raised its holdings in shares of VanEck Junior Gold Miners ETF by 13.8% during the second quarter. NewEdge Advisors LLC now owns 14,604 shares of the exchange traded fund’s stock valued at $987,000 after purchasing an additional 1,767 shares during the period.

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.