VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) Shares Gap Up – Here’s Why

Shares of VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) gapped up before the market opened on Wednesday . The stock had previously closed at $50.50, but opened at $52.87. VanEck Junior Gold Miners ETF shares last traded at $53.07, with a volume of 1,790,471 shares trading hands.

VanEck Junior Gold Miners ETF Price Performance

The stock has a market cap of $5.74 billion, a price-to-earnings ratio of 20.74 and a beta of 1.06. The company’s fifty day simple moving average is $52.94 and its two-hundred day simple moving average is $49.62.

Institutional Investors Weigh In On VanEck Junior Gold Miners ETF

A number of institutional investors and hedge funds have recently made changes to their positions in GDXJ. Duncker Streett & Co. Inc. bought a new position in shares of VanEck Junior Gold Miners ETF in the fourth quarter valued at approximately $45,000. Principal Securities Inc. lifted its stake in VanEck Junior Gold Miners ETF by 20.7% during the 4th quarter. Principal Securities Inc. now owns 1,411 shares of the exchange traded fund’s stock valued at $60,000 after acquiring an additional 242 shares in the last quarter. Millstone Evans Group LLC purchased a new position in VanEck Junior Gold Miners ETF during the 4th quarter worth $60,000. FMR LLC grew its stake in shares of VanEck Junior Gold Miners ETF by 101.3% in the 3rd quarter. FMR LLC now owns 1,254 shares of the exchange traded fund’s stock worth $61,000 after acquiring an additional 631 shares in the last quarter. Finally, Kiker Wealth Management LLC purchased a new stake in shares of VanEck Junior Gold Miners ETF in the fourth quarter valued at about $69,000.

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.