VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) Sets New 1-Year High – Still a Buy?

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)’s share price hit a new 52-week high on Friday . The stock traded as high as $118.42 and last traded at $118.0710, with a volume of 2946981 shares trading hands. The stock had previously closed at $114.20.

VanEck Junior Gold Miners ETF Price Performance

The business has a fifty day moving average of $101.46 and a 200-day moving average of $85.34. The stock has a market capitalization of $10.06 billion, a price-to-earnings ratio of 24.09 and a beta of 0.74.

Hedge Funds Weigh In On VanEck Junior Gold Miners ETF

Hedge funds have recently made changes to their positions in the business. Kovitz Investment Group Partners LLC acquired a new stake in VanEck Junior Gold Miners ETF during the first quarter valued at approximately $204,000. Flow Traders U.S. LLC grew its position in VanEck Junior Gold Miners ETF by 216.1% in the first quarter. Flow Traders U.S. LLC now owns 15,976 shares of the exchange traded fund’s stock worth $914,000 after buying an additional 10,922 shares during the last quarter. Compound Planning Inc. bought a new position in shares of VanEck Junior Gold Miners ETF in the first quarter valued at $275,000. Sprott Inc. acquired a new stake in shares of VanEck Junior Gold Miners ETF during the 1st quarter valued at $2,777,000. Finally, Kestra Advisory Services LLC lifted its position in shares of VanEck Junior Gold Miners ETF by 27.5% during the 1st quarter. Kestra Advisory Services LLC now owns 73,748 shares of the exchange traded fund’s stock valued at $4,218,000 after acquiring an additional 15,912 shares during the last quarter.

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.