VanEck Junior Gold Miners ETF $GDXJ Shares Sold by Freemont Management S.A.

Freemont Management S.A. reduced its stake in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) by 25.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 90,000 shares of the exchange traded fund’s stock after selling 30,000 shares during the quarter. VanEck Junior Gold Miners ETF accounts for approximately 4.5% of Freemont Management S.A.’s investment portfolio, making the stock its 5th largest holding. Freemont Management S.A.’s holdings in VanEck Junior Gold Miners ETF were worth $8,913,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in shares of VanEck Junior Gold Miners ETF by 28.7% in the second quarter. Envestnet Asset Management Inc. now owns 51,110 shares of the exchange traded fund’s stock worth $3,455,000 after purchasing an additional 11,390 shares during the period. CWM LLC lifted its position in VanEck Junior Gold Miners ETF by 19.0% during the second quarter. CWM LLC now owns 26,239 shares of the exchange traded fund’s stock worth $1,773,000 after purchasing an additional 4,184 shares during the period. Stratos Wealth Partners LTD. acquired a new stake in VanEck Junior Gold Miners ETF during the second quarter worth about $222,000. Concurrent Investment Advisors LLC increased its holdings in VanEck Junior Gold Miners ETF by 36.5% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 4,902 shares of the exchange traded fund’s stock valued at $331,000 after buying an additional 1,311 shares during the period. Finally, Brookstone Capital Management bought a new position in VanEck Junior Gold Miners ETF in the 2nd quarter valued at about $213,000.

VanEck Junior Gold Miners ETF Trading Down 8.7%

Shares of NYSEARCA:GDXJ opened at $128.85 on Friday. The firm has a 50 day moving average of $124.23 and a 200-day moving average of $101.74. VanEck Junior Gold Miners ETF has a 12 month low of $47.29 and a 12 month high of $152.24. The stock has a market capitalization of $10.71 billion, a PE ratio of 24.09 and a beta of 0.74.

VanEck Junior Gold Miners ETF Company 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.