Oxbow Advisors LLC Reduces Stake in VanEck Junior Gold Miners ETF $GDXJ

Oxbow Advisors LLC trimmed its stake in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) by 78.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,478 shares of the exchange traded fund’s stock after selling 23,565 shares during the quarter. Oxbow Advisors LLC’s holdings in VanEck Junior Gold Miners ETF were worth $737,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GDXJ. Baird Financial Group Inc. boosted its stake in VanEck Junior Gold Miners ETF by 22.2% in the second quarter. Baird Financial Group Inc. now owns 26,075 shares of the exchange traded fund’s stock valued at $1,762,000 after acquiring an additional 4,731 shares during the last quarter. Amundi boosted its stake in VanEck Junior Gold Miners ETF by 97.1% in the second quarter. Amundi now owns 138,000 shares of the exchange traded fund’s stock valued at $9,418,000 after acquiring an additional 68,000 shares during the last quarter. Cerity Partners LLC boosted its stake in VanEck Junior Gold Miners ETF by 15.7% in the second quarter. Cerity Partners LLC now owns 39,266 shares of the exchange traded fund’s stock valued at $2,654,000 after acquiring an additional 5,320 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in VanEck Junior Gold Miners ETF in the second quarter valued at about $7,914,000. Finally, NewEdge Advisors LLC boosted its stake in VanEck Junior Gold Miners ETF by 13.8% in the second quarter. NewEdge Advisors LLC now owns 14,604 shares of the exchange traded fund’s stock valued at $987,000 after acquiring an additional 1,767 shares during the last quarter.

VanEck Junior Gold Miners ETF Price Performance

GDXJ opened at $125.84 on Monday. The stock has a market cap of $9.42 billion, a price-to-earnings ratio of 24.09 and a beta of 0.79. VanEck Junior Gold Miners ETF has a twelve month low of $57.40 and a twelve month high of $157.49. The company’s 50-day moving average price is $126.01 and its two-hundred day moving average price is $119.36.

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.