Kercheville Advisors LLC Has $10.25 Million Position in VanEck Junior Gold Miners ETF $GDXJ

Kercheville Advisors LLC trimmed its stake in shares of VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) by 7.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 85,371 shares of the exchange traded fund’s stock after selling 6,520 shares during the period. VanEck Junior Gold Miners ETF makes up about 3.3% of Kercheville Advisors LLC’s investment portfolio, making the stock its 9th biggest position. Kercheville Advisors LLC owned approximately 0.11% of VanEck Junior Gold Miners ETF worth $10,248,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Bank of Montreal Can raised its position in VanEck Junior Gold Miners ETF by 124.9% in the 3rd quarter. Bank of Montreal Can now owns 3,870,489 shares of the exchange traded fund’s stock worth $383,294,000 after purchasing an additional 2,149,559 shares during the last quarter. Lingotto Investment Management LLP raised its position 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 worth $296,157,000 after acquiring an additional 20,157 shares during the last quarter. Morgan Stanley raised its position 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 acquiring an additional 145,362 shares during the last quarter. Invesco Ltd. boosted its holdings in 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 acquiring an additional 23,234 shares during the last quarter. Finally, Rafferty Asset Management LLC increased its position in 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 worth $199,169,000 after purchasing an additional 404,916 shares during the period.

VanEck Junior Gold Miners ETF Stock Down 5.2%

Shares of GDXJ stock opened at $100.56 on Wednesday. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of 24.09 and a beta of 0.79. VanEck Junior Gold Miners ETF has a 12 month low of $63.90 and a 12 month high of $157.49. The stock has a 50-day moving average price of $116.25 and a 200 day moving average price of $122.80.

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.