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

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) shares hit a new 52-week high during trading on Friday . The company traded as high as $121.39 and last traded at $119.9610, with a volume of 400085 shares changing hands. The stock had previously closed at $118.97.

VanEck Junior Gold Miners ETF Stock Up 1.2%

The firm has a market cap of $10.28 billion, a PE ratio of 24.09 and a beta of 0.74. The stock’s fifty day simple moving average is $102.80 and its two-hundred day simple moving average is $87.07.

Institutional Investors Weigh In On VanEck Junior Gold Miners ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Compound Planning Inc. bought a new stake in VanEck Junior Gold Miners ETF during the first quarter valued at about $275,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of VanEck Junior Gold Miners ETF by 89.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 9,531 shares of the exchange traded fund’s stock valued at $545,000 after acquiring an additional 4,501 shares in the last quarter. Comerica Bank boosted its stake in VanEck Junior Gold Miners ETF by 4.0% during the 1st quarter. Comerica Bank now owns 27,684 shares of the exchange traded fund’s stock worth $1,584,000 after purchasing an additional 1,052 shares during the period. Ieq Capital LLC acquired a new stake in VanEck Junior Gold Miners ETF in the first quarter valued at $226,000. Finally, Wealth Preservation Advisors LLC purchased a new stake in VanEck Junior Gold Miners ETF during the first quarter valued at about $59,000.

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.