Bank of Montreal Can Trims Stock Holdings in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)

Bank of Montreal Can lessened its stake in shares of VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) by 17.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,755,251 shares of the exchange traded fund’s stock after selling 769,260 shares during the quarter. Bank of Montreal Can’s holdings in VanEck Junior Gold Miners ETF were worth $186,336,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC raised its holdings in VanEck Junior Gold Miners ETF by 108.0% in the 1st quarter. Jane Street Group LLC now owns 2,629,000 shares of the exchange traded fund’s stock valued at $101,847,000 after acquiring an additional 1,365,157 shares during the last quarter. Cetera Investment Advisers grew its position in shares of VanEck Junior Gold Miners ETF by 3,409.5% in the first quarter. Cetera Investment Advisers now owns 721,311 shares of the exchange traded fund’s stock valued at $27,944,000 after purchasing an additional 700,758 shares during the period. Cadence Wealth Management LLC acquired a new position in VanEck Junior Gold Miners ETF in the second quarter valued at $15,387,000. Gemsstock Ltd. purchased a new position in VanEck Junior Gold Miners ETF during the second quarter worth about $11,933,000. Finally, Cetera Advisor Networks LLC boosted its stake in VanEck Junior Gold Miners ETF by 44.1% in the 1st quarter. Cetera Advisor Networks LLC now owns 690,173 shares of the exchange traded fund’s stock worth $26,737,000 after buying an additional 211,246 shares during the last quarter.

VanEck Junior Gold Miners ETF Price Performance

GDXJ opened at $46.84 on Tuesday. VanEck Junior Gold Miners ETF has a 12 month low of $30.89 and a 12 month high of $55.58. The business has a 50-day moving average of $49.73 and a two-hundred day moving average of $46.45. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 24.80 and a beta of 1.03.

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.