Independent Financial Group LLC bought a new position in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ – Free Report) in the first quarter, HoldingsChannel reports. The institutional investor bought 6,341 shares of the exchange traded fund’s stock, valued at approximately $761,000.
Several other hedge funds have also recently modified their holdings of GDXJ. Grand Central Investment Group lifted its holdings in shares of VanEck Junior Gold Miners ETF by 1.4% during the first quarter. Grand Central Investment Group now owns 6,368 shares of the exchange traded fund’s stock valued at $764,000 after purchasing an additional 89 shares in the last quarter. Silver Oak Securities Incorporated increased its holdings in VanEck Junior Gold Miners ETF by 1.8% in the 4th quarter. Silver Oak Securities Incorporated now owns 6,337 shares of the exchange traded fund’s stock worth $730,000 after buying an additional 109 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. increased its holdings in VanEck Junior Gold Miners ETF by 2.1% in the 4th quarter. Sumitomo Mitsui Financial Group Inc. now owns 5,430 shares of the exchange traded fund’s stock worth $618,000 after buying an additional 112 shares in the last quarter. Allworth Financial LP raised its position in VanEck Junior Gold Miners ETF by 39.0% in the 4th quarter. Allworth Financial LP now owns 417 shares of the exchange traded fund’s stock worth $47,000 after buying an additional 117 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its position in VanEck Junior Gold Miners ETF by 5.7% in the 1st quarter. Chicago Partners Investment Group LLC now owns 2,317 shares of the exchange traded fund’s stock worth $291,000 after buying an additional 124 shares during the last quarter.
VanEck Junior Gold Miners ETF Stock Performance
GDXJ opened at $97.09 on Wednesday. The company’s 50-day simple moving average is $105.54 and its two-hundred day simple moving average is $120.50. The stock has a market capitalization of $7.01 billion, a P/E ratio of 24.09 and a beta of 0.84. VanEck Junior Gold Miners ETF has a 52-week low of $63.90 and a 52-week high of $157.49.
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.
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