Ballew Advisors Inc Sells 31,619 Shares of VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)

Ballew Advisors Inc lessened its stake in shares of VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) by 23.6% during the first quarter, Holdings Channel.com reports. The fund owned 102,370 shares of the exchange traded fund’s stock after selling 31,619 shares during the period. VanEck Junior Gold Miners ETF comprises 4.2% of Ballew Advisors Inc’s investment portfolio, making the stock its 4th largest position. Ballew Advisors Inc’s holdings in VanEck Junior Gold Miners ETF were worth $6,267,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tocqueville Asset Management L.P. grew its holdings in shares of VanEck Junior Gold Miners ETF by 2.5% during the 4th quarter. Tocqueville Asset Management L.P. now owns 8,198 shares of the exchange traded fund’s stock worth $350,000 after purchasing an additional 200 shares in the last quarter. Principal Securities Inc. lifted its position in VanEck Junior Gold Miners ETF by 20.7% during the fourth quarter. Principal Securities Inc. now owns 1,411 shares of the exchange traded fund’s stock worth $60,000 after purchasing an additional 242 shares during the period. NewEdge Advisors LLC lifted its position in VanEck Junior Gold Miners ETF by 2.1% during the fourth quarter. NewEdge Advisors LLC now owns 13,261 shares of the exchange traded fund’s stock worth $567,000 after purchasing an additional 268 shares during the period. Nations Financial Group Inc. IA ADV grew its stake in VanEck Junior Gold Miners ETF by 2.0% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 15,946 shares of the exchange traded fund’s stock worth $682,000 after buying an additional 305 shares in the last quarter. Finally, Smith Moore & CO. increased its holdings in VanEck Junior Gold Miners ETF by 0.5% in the 4th quarter. Smith Moore & CO. now owns 66,276 shares of the exchange traded fund’s stock valued at $2,833,000 after buying an additional 315 shares during the period.

VanEck Junior Gold Miners ETF Trading Up 0.7%

Shares of NYSEARCA:GDXJ opened at $68.97 on Thursday. The firm has a 50 day moving average of $62.26 and a 200-day moving average of $53.73. VanEck Junior Gold Miners ETF has a 12 month low of $40.26 and a 12 month high of $71.84. The stock has a market capitalization of $5.61 billion, a PE ratio of 22.95 and a beta of 0.75.

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.