Gemsstock Ltd. Cuts Stake in VanEck Junior Gold Miners ETF $GDXJ

Gemsstock Ltd. lowered its position in shares of VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) by 63.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 133,558 shares of the exchange traded fund’s stock after selling 232,300 shares during the period. VanEck Junior Gold Miners ETF makes up about 2.2% of Gemsstock Ltd.’s portfolio, making the stock its 18th biggest position. Gemsstock Ltd.’s holdings in VanEck Junior Gold Miners ETF were worth $15,196,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Bank of Montreal Can increased its stake in shares of VanEck Junior Gold Miners ETF by 124.9% during the third quarter. Bank of Montreal Can now owns 3,870,489 shares of the exchange traded fund’s stock valued at $383,294,000 after buying an additional 2,149,559 shares during the period. Lingotto Investment Management LLP increased its stake in shares of VanEck Junior Gold Miners ETF by 0.8% during the fourth quarter. Lingotto Investment Management LLP now owns 2,602,894 shares of the exchange traded fund’s stock valued at $296,157,000 after buying an additional 20,157 shares during the period. Invesco Ltd. increased its stake in shares of VanEck Junior Gold Miners ETF by 1.2% during 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 period. BNP Paribas Financial Markets increased its stake in shares of VanEck Junior Gold Miners ETF by 56.4% during the third quarter. BNP Paribas Financial Markets now owns 1,355,079 shares of the exchange traded fund’s stock valued at $134,193,000 after buying an additional 488,893 shares during the period. Finally, LPL Financial LLC increased its stake in shares of VanEck Junior Gold Miners ETF by 11.5% during the fourth quarter. LPL Financial LLC now owns 586,294 shares of the exchange traded fund’s stock valued at $66,709,000 after buying an additional 60,402 shares during the period.

VanEck Junior Gold Miners ETF Price Performance

Shares of GDXJ stock opened at $104.26 on Friday. VanEck Junior Gold Miners ETF has a 1-year low of $63.90 and a 1-year high of $157.49. The stock’s 50-day moving average is $118.55 and its 200 day moving average is $122.53. The company has a market cap of $7.80 billion, a P/E ratio of 24.09 and a beta of 0.79.

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.