Kercheville Advisors LLC Has $7.39 Million Stock Position in VanEck Junior Gold Miners ETF $GDXJ

Kercheville Advisors LLC trimmed its position in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) by 2.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 109,392 shares of the exchange traded fund’s stock after selling 2,925 shares during the quarter. VanEck Junior Gold Miners ETF makes up 2.6% of Kercheville Advisors LLC’s portfolio, making the stock its 15th biggest position. Kercheville Advisors LLC’s holdings in VanEck Junior Gold Miners ETF were worth $7,394,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. increased its position in VanEck Junior Gold Miners ETF by 63.7% in the first quarter. Invesco Ltd. now owns 2,923,232 shares of the exchange traded fund’s stock worth $167,209,000 after purchasing an additional 1,137,586 shares during the period. Nearwater Capital Markets Ltd acquired a new stake in VanEck Junior Gold Miners ETF in the first quarter worth about $42,900,000. Heartwood Wealth Advisors LLC increased its position in VanEck Junior Gold Miners ETF by 0.6% in the second quarter. Heartwood Wealth Advisors LLC now owns 649,506 shares of the exchange traded fund’s stock worth $43,900,000 after purchasing an additional 3,669 shares during the period. ANTIPODES PARTNERS Ltd acquired a new stake in VanEck Junior Gold Miners ETF in the first quarter worth about $34,791,000. Finally, LPL Financial LLC increased its position in VanEck Junior Gold Miners ETF by 2.3% in the first quarter. LPL Financial LLC now owns 415,409 shares of the exchange traded fund’s stock worth $23,761,000 after purchasing an additional 9,183 shares during the period.

VanEck Junior Gold Miners ETF Stock Up 0.1%

Shares of GDXJ stock opened at $99.74 on Friday. The stock has a 50-day moving average price of $81.47 and a 200 day moving average price of $69.72. The firm has a market cap of $8.50 billion, a price-to-earnings ratio of 24.09 and a beta of 1.06. VanEck Junior Gold Miners ETF has a 12 month low of $41.85 and a 12 month high of $101.36.

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.