Yong Rong HK Asset Management Ltd Invests $11.37 Million in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)

Yong Rong HK Asset Management Ltd purchased a new stake in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 300,000 shares of the exchange traded fund’s stock, valued at approximately $11,373,000. VanEck Junior Gold Miners ETF accounts for about 4.3% of Yong Rong HK Asset Management Ltd’s holdings, making the stock its 7th largest holding. Yong Rong HK Asset Management Ltd owned approximately 0.28% of VanEck Junior Gold Miners ETF at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. DAVENPORT & Co LLC purchased a new stake in shares of VanEck Junior Gold Miners ETF in the fourth quarter worth about $210,000. Trust Co. of Vermont purchased a new position in VanEck Junior Gold Miners ETF in the 3rd quarter worth approximately $32,000. Stratos Wealth Partners LTD. acquired a new stake in VanEck Junior Gold Miners ETF in the fourth quarter valued at approximately $256,000. Mutual Advisors LLC purchased a new stake in shares of VanEck Junior Gold Miners ETF during the fourth quarter valued at approximately $234,000. Finally, Perigon Wealth Management LLC acquired a new position in shares of VanEck Junior Gold Miners ETF during the third quarter worth $215,000.

VanEck Junior Gold Miners ETF Stock Up 3.1 %

Shares of VanEck Junior Gold Miners ETF stock traded up $1.24 during trading hours on Wednesday, hitting $41.70. 5,140,124 shares of the company’s stock traded hands, compared to its average volume of 7,236,049. VanEck Junior Gold Miners ETF has a twelve month low of $30.46 and a twelve month high of $44.70. The company has a market cap of $4.93 billion, a PE ratio of 25.32 and a beta of 0.98. The stock has a 50 day simple moving average of $37.96 and a 200-day simple moving average of $36.21.

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.