VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) Hits New 1-Year High – What’s Next?

Shares of VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) 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 trading hands. The stock had previously closed at $120.98.

VanEck Junior Gold Miners ETF Trading Up 0.7%

The firm’s 50-day simple moving average is $106.99 and its two-hundred day simple moving average is $90.39. The stock has a market capitalization of $10.02 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 institutional investors have recently bought and sold shares of GDXJ. Bank of Montreal Can boosted its holdings in shares of VanEck Junior Gold Miners ETF by 124.9% during the 3rd quarter. Bank of Montreal Can now owns 3,870,489 shares of the exchange traded fund’s stock worth $383,294,000 after buying an additional 2,149,559 shares during the period. BNP Paribas Financial Markets raised its holdings in VanEck Junior Gold Miners ETF by 1,289.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 866,186 shares of the exchange traded fund’s stock worth $58,546,000 after acquiring an additional 803,854 shares during the period. Twin Tree Management LP lifted its position in VanEck Junior Gold Miners ETF by 264.1% during the 2nd quarter. Twin Tree Management LP now owns 322,475 shares of the exchange traded fund’s stock worth $21,796,000 after acquiring an additional 518,941 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in VanEck Junior Gold Miners ETF by 104.2% during the second quarter. Teacher Retirement System of Texas now owns 784,000 shares of the exchange traded fund’s stock valued at $52,991,000 after acquiring an additional 400,000 shares during the period. Finally, Eschler Asset Management LLP acquired a new stake in shares of VanEck Junior Gold Miners ETF in the second quarter valued at about $10,138,000.

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.