Oxbow Advisors LLC Has $2.69 Million Stake in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)

Oxbow Advisors LLC raised its position in shares of VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) by 98.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 63,784 shares of the exchange traded fund’s stock after acquiring an additional 31,621 shares during the period. Oxbow Advisors LLC’s holdings in VanEck Junior Gold Miners ETF were worth $2,687,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Gemsstock Ltd. acquired a new position in VanEck Junior Gold Miners ETF during the second quarter valued at $11,933,000. MCF Advisors LLC purchased a new stake in shares of VanEck Junior Gold Miners ETF in the second quarter worth approximately $76,000. Verus Capital Partners LLC purchased a new stake in shares of VanEck Junior Gold Miners ETF in the second quarter worth approximately $202,000. Fielder Capital Group LLC boosted its holdings in shares of VanEck Junior Gold Miners ETF by 6.2% during the second quarter. Fielder Capital Group LLC now owns 144,225 shares of the exchange traded fund’s stock worth $6,075,000 after purchasing an additional 8,478 shares during the period. Finally, Cadence Wealth Management LLC purchased a new position in VanEck Junior Gold Miners ETF during the second quarter valued at approximately $15,387,000.

VanEck Junior Gold Miners ETF Trading Down 3.3 %

GDXJ stock traded down $1.47 during midday trading on Friday, reaching $42.62. The company had a trading volume of 5,245,441 shares, compared to its average volume of 6,028,312. The company has a 50 day moving average of $45.23 and a two-hundred day moving average of $42.04. The company has a market capitalization of $5.01 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 $49.13.

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.