VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) Trading 2.8% Higher

Shares of VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) traded up 2.8% during mid-day trading on Wednesday . The stock traded as high as $42.20 and last traded at $41.98. 1,703,308 shares were traded during mid-day trading, a decline of 76% from the average session volume of 7,173,216 shares. The stock had previously closed at $40.83.

VanEck Junior Gold Miners ETF Stock Performance

The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 25.32 and a beta of 0.98. The company has a 50-day moving average of $36.15 and a 200-day moving average of $35.55.

Hedge Funds Weigh In On VanEck Junior Gold Miners ETF

Several institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its position in VanEck Junior Gold Miners ETF by 32.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,244 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 305 shares during the period. Cetera Investment Advisers increased its position in VanEck Junior Gold Miners ETF by 4.6% during the 1st quarter. Cetera Investment Advisers now owns 15,438 shares of the exchange traded fund’s stock worth $724,000 after purchasing an additional 675 shares during the period. NewEdge Advisors LLC increased its position in VanEck Junior Gold Miners ETF by 32.2% during the 1st quarter. NewEdge Advisors LLC now owns 14,264 shares of the exchange traded fund’s stock worth $669,000 after purchasing an additional 3,472 shares during the period. Flow Traders U.S. LLC increased its position in VanEck Junior Gold Miners ETF by 133.0% during the 1st quarter. Flow Traders U.S. LLC now owns 96,472 shares of the exchange traded fund’s stock worth $4,522,000 after purchasing an additional 55,059 shares during the period. Finally, Nations Financial Group Inc. IA ADV acquired a new position in VanEck Junior Gold Miners ETF during the 1st quarter worth approximately $269,000.

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.