Hsbc Holdings PLC Sells 44,505 Shares of VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)

Hsbc Holdings PLC decreased its holdings in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) by 48.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,703 shares of the exchange traded fund’s stock after selling 44,505 shares during the quarter. Hsbc Holdings PLC’s holdings in VanEck Junior Gold Miners ETF were worth $1,981,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC increased its stake in shares of VanEck Junior Gold Miners ETF by 14.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,918 shares of the exchange traded fund’s stock valued at $376,000 after acquiring an additional 1,244 shares in the last quarter. Banco BTG Pactual S.A. bought a new stake in VanEck Junior Gold Miners ETF in the 4th quarter valued at about $4,473,000. Lingotto Investment Management LLP lifted its holdings in VanEck Junior Gold Miners ETF by 5.1% during the fourth quarter. Lingotto Investment Management LLP now owns 3,297,213 shares of the exchange traded fund’s stock valued at $124,997,000 after purchasing an additional 161,000 shares during the last quarter. Cetera Advisor Networks LLC lifted its holdings in VanEck Junior Gold Miners ETF by 64.3% during the fourth quarter. Cetera Advisor Networks LLC now owns 478,927 shares of the exchange traded fund’s stock valued at $18,156,000 after purchasing an additional 187,444 shares during the last quarter. Finally, Connectus Wealth LLC bought a new position in VanEck Junior Gold Miners ETF during the fourth quarter worth about $299,000.

VanEck Junior Gold Miners ETF Price Performance

NYSEARCA:GDXJ opened at $51.19 on Friday. The company has a market cap of $6.01 billion, a P/E ratio of 24.80 and a beta of 1.03. VanEck Junior Gold Miners ETF has a 1 year low of $30.46 and a 1 year high of $51.74. The stock’s fifty day moving average price is $45.93 and its two-hundred day moving average price is $43.49.

VanEck Junior Gold Miners ETF 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.