VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) Reaches New 52-Week High – Time to Buy?

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $63.34 and last traded at $62.97, with a volume of 3336393 shares changing hands. The stock had previously closed at $62.19.

VanEck Junior Gold Miners ETF Stock Up 1.3 %

The firm has a market capitalization of $5.91 billion, a PE ratio of 20.74 and a beta of 1.06. The stock’s fifty day simple moving average is $53.60 and its 200 day simple moving average is $49.86.

Institutional Investors Weigh In On VanEck Junior Gold Miners ETF

Several hedge funds and other institutional investors have recently modified their holdings of GDXJ. IMC Chicago LLC lifted its position in VanEck Junior Gold Miners ETF by 102.6% during the fourth quarter. IMC Chicago LLC now owns 26,712 shares of the exchange traded fund’s stock valued at $1,142,000 after purchasing an additional 1,062,702 shares in the last quarter. Panview Capital Ltd purchased a new position in shares of VanEck Junior Gold Miners ETF during the 4th quarter valued at about $29,506,000. Rafferty Asset Management LLC grew its stake in shares of VanEck Junior Gold Miners ETF by 28.8% during the 4th quarter. Rafferty Asset Management LLC now owns 2,968,980 shares of the exchange traded fund’s stock valued at $126,924,000 after acquiring an additional 663,924 shares during the period. BlueCrest Capital Management Ltd purchased a new stake in VanEck Junior Gold Miners ETF in the 4th quarter worth approximately $19,743,000. Finally, Marshall Wace LLP lifted its holdings in VanEck Junior Gold Miners ETF by 229.3% during the fourth quarter. Marshall Wace LLP now owns 166,696 shares of the exchange traded fund’s stock valued at $7,126,000 after purchasing an additional 295,640 shares in 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.