Cadence Wealth Management LLC Takes $12.40 Million Position in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)

Cadence Wealth Management LLC bought a new position in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 289,930 shares of the exchange traded fund’s stock, valued at approximately $12,395,000. VanEck Junior Gold Miners ETF accounts for approximately 8.2% of Cadence Wealth Management LLC’s investment portfolio, making the stock its 5th biggest holding. Cadence Wealth Management LLC owned 0.25% of VanEck Junior Gold Miners ETF as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Duncker Streett & Co. Inc. bought a new stake in VanEck Junior Gold Miners ETF in the 4th quarter worth $45,000. Principal Securities Inc. boosted its stake in shares of VanEck Junior Gold Miners ETF by 20.7% during the 4th quarter. Principal Securities Inc. now owns 1,411 shares of the exchange traded fund’s stock valued at $60,000 after purchasing an additional 242 shares in the last quarter. FMR LLC boosted its stake in shares of VanEck Junior Gold Miners ETF by 101.3% during the 3rd quarter. FMR LLC now owns 1,254 shares of the exchange traded fund’s stock valued at $61,000 after purchasing an additional 631 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of VanEck Junior Gold Miners ETF by 50.0% during the 4th quarter. Blue Trust Inc. now owns 2,100 shares of the exchange traded fund’s stock valued at $90,000 after purchasing an additional 700 shares in the last quarter. Finally, Howe & Rusling Inc. grew its holdings in VanEck Junior Gold Miners ETF by 73.6% in the third quarter. Howe & Rusling Inc. now owns 2,156 shares of the exchange traded fund’s stock worth $105,000 after purchasing an additional 914 shares during the period.

VanEck Junior Gold Miners ETF Stock Performance

Shares of GDXJ opened at $56.49 on Tuesday. The stock has a market cap of $5.41 billion, a PE ratio of 19.93 and a beta of 1.24. VanEck Junior Gold Miners ETF has a fifty-two week low of $35.34 and a fifty-two week high of $57.28. The firm’s 50-day simple moving average is $49.42 and its two-hundred day simple moving average is $48.43.

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.