Janney Montgomery Scott LLC Has $955,000 Stake in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)

Janney Montgomery Scott LLC decreased its stake in shares of VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) by 12.2% during the third quarter, HoldingsChannel.com reports. The fund owned 19,559 shares of the exchange traded fund’s stock after selling 2,713 shares during the period. Janney Montgomery Scott LLC’s holdings in VanEck Junior Gold Miners ETF were worth $955,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Ridgewood Investments LLC acquired a new position in shares of VanEck Junior Gold Miners ETF during the 2nd quarter valued at about $29,000. Arlington Trust Co LLC bought a new stake in VanEck Junior Gold Miners ETF during the 3rd quarter valued at approximately $37,000. Strategic Investment Solutions Inc. IL bought a new stake in VanEck Junior Gold Miners ETF during the 2nd quarter valued at approximately $36,000. MCF Advisors LLC bought a new stake in VanEck Junior Gold Miners ETF during the 2nd quarter valued at approximately $76,000. Finally, NBC Securities Inc. boosted its stake in VanEck Junior Gold Miners ETF by 523.5% during the 3rd quarter. NBC Securities Inc. now owns 2,650 shares of the exchange traded fund’s stock valued at $129,000 after purchasing an additional 2,225 shares during the period.

VanEck Junior Gold Miners ETF Stock Down 0.6 %

Shares of NYSEARCA:GDXJ opened at $45.11 on Friday. The business has a 50 day moving average price of $49.54 and a 200 day moving average price of $46.16. VanEck Junior Gold Miners ETF has a twelve month low of $30.89 and a twelve month high of $55.58. The company has a market cap of $5.30 billion, a price-to-earnings 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.