Bank of New York Mellon Corp Cuts Position in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)

Bank of New York Mellon Corp trimmed its position in shares of VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) by 25.9% during the 2nd quarter, Holdings Channel reports. The fund owned 8,002 shares of the exchange traded fund’s stock after selling 2,802 shares during the period. Bank of New York Mellon Corp’s holdings in VanEck Junior Gold Miners ETF were worth $337,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Boston Partners purchased a new stake in VanEck Junior Gold Miners ETF during the first quarter valued at $261,000. Pettinga Financial Advisors LLC lifted its holdings in shares of VanEck Junior Gold Miners ETF by 54.7% in the 1st quarter. Pettinga Financial Advisors LLC now owns 10,204 shares of the exchange traded fund’s stock valued at $395,000 after acquiring an additional 3,610 shares during the last quarter. Comerica Bank grew its position in VanEck Junior Gold Miners ETF by 8.3% in the first quarter. Comerica Bank now owns 12,307 shares of the exchange traded fund’s stock worth $477,000 after acquiring an additional 938 shares in the last quarter. Caxton Associates LP bought a new stake in VanEck Junior Gold Miners ETF during the fourth quarter worth approximately $2,390,000. Finally, Private Advisor Group LLC raised its position in VanEck Junior Gold Miners ETF by 12.3% during the first quarter. Private Advisor Group LLC now owns 32,533 shares of the exchange traded fund’s stock valued at $1,260,000 after purchasing an additional 3,562 shares during the period.

VanEck Junior Gold Miners ETF Stock Performance

Shares of VanEck Junior Gold Miners ETF stock opened at $50.53 on Thursday. The stock has a market cap of $5.94 billion, a price-to-earnings ratio of 24.80 and a beta of 1.03. The stock has a 50 day moving average price of $45.84 and a 200-day moving average price of $43.44. VanEck Junior Gold Miners ETF has a one year low of $30.46 and a one year high of $51.28.

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.