Parsons Capital Management Inc. RI Raises Stock Position in VanEck Junior Gold Miners ETF $GDXJ

Parsons Capital Management Inc. RI increased its holdings in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) by 25.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,023 shares of the exchange traded fund’s stock after purchasing an additional 10,175 shares during the period. Parsons Capital Management Inc. RI owned 0.06% of VanEck Junior Gold Miners ETF worth $4,954,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Farther Finance Advisors LLC boosted its position in shares of VanEck Junior Gold Miners ETF by 58.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 474 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 175 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of VanEck Junior Gold Miners ETF by 3.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,827 shares of the exchange traded fund’s stock worth $399,000 after acquiring an additional 177 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in VanEck Junior Gold Miners ETF by 4.1% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 5,102 shares of the exchange traded fund’s stock valued at $505,000 after acquiring an additional 200 shares during the period. Smith Moore & CO. grew its position in VanEck Junior Gold Miners ETF by 0.4% in the 2nd quarter. Smith Moore & CO. now owns 67,338 shares of the exchange traded fund’s stock valued at $4,551,000 after acquiring an additional 287 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB purchased a new stake in VanEck Junior Gold Miners ETF in the third quarter worth $33,000.

VanEck Junior Gold Miners ETF Trading Up 0.7%

Shares of GDXJ opened at $128.07 on Tuesday. The firm has a fifty day moving average price of $111.79 and a 200-day moving average price of $93.62. The firm has a market capitalization of $10.55 billion, a P/E ratio of 24.09 and a beta of 0.74. VanEck Junior Gold Miners ETF has a 12-month low of $45.22 and a 12-month high of $129.42.

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.