Royal Bank of Canada Lowers Stock Position in VanEck Junior Gold Miners ETF $GDXJ

Royal Bank of Canada trimmed its position in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) by 29.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 173,081 shares of the exchange traded fund’s stock after selling 72,038 shares during the period. Royal Bank of Canada owned about 0.23% of VanEck Junior Gold Miners ETF worth $20,776,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC purchased a new stake in shares of VanEck Junior Gold Miners ETF during the first quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in VanEck Junior Gold Miners ETF in the fourth quarter worth $28,000. Colonial Trust Advisors purchased a new position in VanEck Junior Gold Miners ETF in the fourth quarter worth $28,000. Mcguire Capital Advisors Inc. bought a new position in VanEck Junior Gold Miners ETF in the 4th quarter valued at $28,000. Finally, Arax Advisory Partners bought a new position in VanEck Junior Gold Miners ETF in the 4th quarter valued at $44,000.

VanEck Junior Gold Miners ETF Price Performance

Shares of VanEck Junior Gold Miners ETF stock opened at $109.48 on Thursday. The firm has a market cap of $7.87 billion, a PE ratio of 24.09 and a beta of 0.85. VanEck Junior Gold Miners ETF has a 1 year low of $69.50 and a 1 year high of $157.49. The stock has a fifty day moving average price of $101.87 and a 200-day moving average price of $118.78.

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.