Canoe Financial LP Invests $4.45 Million in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)

Canoe Financial LP acquired a new stake in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 104,157 shares of the exchange traded fund’s stock, valued at approximately $4,453,000. Canoe Financial LP owned about 0.09% of VanEck Junior Gold Miners ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GDXJ. MML Investors Services LLC lifted its holdings in VanEck Junior Gold Miners ETF by 4.2% in the third quarter. MML Investors Services LLC now owns 6,549 shares of the exchange traded fund’s stock worth $320,000 after purchasing an additional 266 shares during the period. Nations Financial Group Inc. IA ADV lifted its stake in shares of VanEck Junior Gold Miners ETF by 2.6% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 15,641 shares of the exchange traded fund’s stock worth $763,000 after acquiring an additional 400 shares during the period. FMR LLC increased its stake in shares of VanEck Junior Gold Miners ETF by 101.3% during the third quarter. FMR LLC now owns 1,254 shares of the exchange traded fund’s stock valued at $61,000 after acquiring an additional 631 shares during the period. Verus Capital Partners LLC raised its holdings in VanEck Junior Gold Miners ETF by 15.6% during the third quarter. Verus Capital Partners LLC now owns 5,550 shares of the exchange traded fund’s stock worth $271,000 after purchasing an additional 750 shares in the last quarter. Finally, Arlington Trust Co LLC acquired a new stake in VanEck Junior Gold Miners ETF in the third quarter worth approximately $37,000.

VanEck Junior Gold Miners ETF Stock Performance

Shares of GDXJ stock opened at $46.02 on Friday. VanEck Junior Gold Miners ETF has a 1 year low of $30.89 and a 1 year high of $55.58. The business’s fifty day moving average is $45.99 and its 200-day moving average is $47.00. The stock has a market cap of $5.41 billion, a PE ratio of 24.80 and a beta of 1.03.

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.