Concurrent Investment Advisors LLC Buys New Position in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)

Concurrent Investment Advisors LLC purchased a new stake in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,497 shares of the exchange traded fund’s stock, valued at approximately $219,000.

Several other institutional investors have also added to or reduced their stakes in the business. Ridgewood Investments LLC purchased a new position in VanEck Junior Gold Miners ETF in the 2nd quarter worth $29,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of VanEck Junior Gold Miners ETF in the second quarter valued at about $36,000. Arlington Trust Co LLC purchased a new position in shares of VanEck Junior Gold Miners ETF in the third quarter worth about $37,000. MCF Advisors LLC acquired a new stake in shares of VanEck Junior Gold Miners ETF during the second quarter worth about $76,000. Finally, NBC Securities Inc. boosted its position in VanEck Junior Gold Miners ETF by 523.5% in the third quarter. NBC Securities Inc. now owns 2,650 shares of the exchange traded fund’s stock valued at $129,000 after buying an additional 2,225 shares during the last quarter.

VanEck Junior Gold Miners ETF Trading Down 5.4 %

GDXJ opened at $46.87 on Tuesday. VanEck Junior Gold Miners ETF has a 12-month low of $30.89 and a 12-month high of $55.58. The firm has a 50 day moving average of $49.39 and a two-hundred day moving average of $46.09. The firm has a market capitalization of $5.51 billion, a PE ratio of 24.80 and a beta of 1.03.

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.