Polar Asset Management Partners Inc. acquired a new stake in shares of VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 12,054 shares of the exchange traded fund’s stock, valued at approximately $1,447,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lingotto Investment Management LLP lifted its holdings in VanEck Junior Gold Miners ETF by 0.8% in the 4th quarter. Lingotto Investment Management LLP now owns 2,602,894 shares of the exchange traded fund’s stock valued at $296,157,000 after purchasing an additional 20,157 shares in the last quarter. Morgan Stanley grew its holdings in shares of VanEck Junior Gold Miners ETF by 6.7% during the fourth quarter. Morgan Stanley now owns 2,306,483 shares of the exchange traded fund’s stock worth $262,432,000 after buying an additional 145,362 shares in the last quarter. Invesco Ltd. raised its position in shares of VanEck Junior Gold Miners ETF by 1.2% in the third quarter. Invesco Ltd. now owns 1,982,116 shares of the exchange traded fund’s stock valued at $196,289,000 after buying an additional 23,234 shares during the last quarter. Rafferty Asset Management LLC raised its position in shares of VanEck Junior Gold Miners ETF by 30.1% in the fourth quarter. Rafferty Asset Management LLC now owns 1,750,475 shares of the exchange traded fund’s stock valued at $199,169,000 after buying an additional 404,916 shares during the last quarter. Finally, Nearwater Capital Markets Ltd lifted its stake in shares of VanEck Junior Gold Miners ETF by 90.7% during the fourth quarter. Nearwater Capital Markets Ltd now owns 1,640,000 shares of the exchange traded fund’s stock valued at $186,599,000 after buying an additional 780,000 shares during the period.
VanEck Junior Gold Miners ETF Stock Performance
Shares of NYSEARCA GDXJ opened at $99.00 on Tuesday. VanEck Junior Gold Miners ETF has a 1 year low of $63.90 and a 1 year high of $157.49. The firm’s 50 day moving average price is $103.71 and its 200 day moving average price is $120.00. The firm has a market cap of $7.15 billion, a P/E ratio of 24.09 and a beta of 0.84.
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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