VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) Hits New 12-Month High at $50.37

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $50.37 and last traded at $50.31, with a volume of 999375 shares changing hands. The stock had previously closed at $49.71.

VanEck Junior Gold Miners ETF Stock Performance

The firm has a 50-day moving average price of $45.70 and a 200-day moving average price of $43.19. The stock has a market cap of $5.85 billion, a P/E ratio of 24.80 and a beta of 1.03.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Alaska Permanent Fund Corp grew its position in VanEck Junior Gold Miners ETF by 17.7% in the 1st quarter. Alaska Permanent Fund Corp now owns 8,167,154 shares of the exchange traded fund’s stock worth $316,396,000 after purchasing an additional 1,230,234 shares during the period. Bank of Montreal Can grew its holdings in shares of VanEck Junior Gold Miners ETF by 48.3% in the second quarter. Bank of Montreal Can now owns 4,524,511 shares of the exchange traded fund’s stock worth $190,934,000 after acquiring an additional 1,473,480 shares during the period. Lingotto Investment Management LLP increased its position in VanEck Junior Gold Miners ETF by 5.1% during the fourth quarter. Lingotto Investment Management LLP now owns 3,297,213 shares of the exchange traded fund’s stock valued at $124,997,000 after acquiring an additional 161,000 shares during the last quarter. Jane Street Group LLC lifted its holdings in VanEck Junior Gold Miners ETF by 108.0% in the first quarter. Jane Street Group LLC now owns 2,629,000 shares of the exchange traded fund’s stock valued at $101,847,000 after acquiring an additional 1,365,157 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in VanEck Junior Gold Miners ETF by 98.7% in the first quarter. BNP Paribas Financial Markets now owns 1,450,252 shares of the exchange traded fund’s stock worth $56,183,000 after purchasing an additional 720,329 shares during the last quarter.

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.