Freemont Management S.A. Sells 50,000 Shares of VanEck Junior Gold Miners ETF $GDXJ

Freemont Management S.A. lessened its stake in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJFree Report) by 55.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 40,000 shares of the exchange traded fund’s stock after selling 50,000 shares during the quarter. Freemont Management S.A.’s holdings in VanEck Junior Gold Miners ETF were worth $4,551,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GDXJ. Thurston Springer Miller Herd & Titak Inc. purchased a new position in VanEck Junior Gold Miners ETF in the 4th quarter worth approximately $28,000. TD Waterhouse Canada Inc. grew its stake in VanEck Junior Gold Miners ETF by 98.1% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 321 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 159 shares in the last quarter. Root Financial Partners LLC purchased a new position in VanEck Junior Gold Miners ETF in the 3rd quarter worth approximately $34,000. Flagship Harbor Advisors LLC purchased a new position in VanEck Junior Gold Miners ETF in the 4th quarter worth approximately $45,000. Finally, Laurel Wealth Advisors LLC purchased a new position in VanEck Junior Gold Miners ETF in the 4th quarter worth approximately $54,000.

VanEck Junior Gold Miners ETF Price Performance

GDXJ stock opened at $128.94 on Thursday. VanEck Junior Gold Miners ETF has a one year low of $57.40 and a one year high of $157.49. The stock has a market cap of $9.65 billion, a PE ratio of 24.09 and a beta of 0.79. The firm has a 50 day simple moving average of $124.05 and a two-hundred day simple moving average of $120.22.

About VanEck Junior Gold Miners ETF

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding GDXJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Junior Gold Miners ETF (NYSEARCA:GDXJFree Report).

Institutional Ownership by Quarter for VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)

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