Royal Bank of Canada Sells 72,038 Shares of VanEck Junior Gold Miners ETF $GDXJ

Royal Bank of Canada decreased its position in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) by 29.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 173,081 shares of the exchange traded fund’s stock after selling 72,038 shares during the period. Royal Bank of Canada’s holdings in VanEck Junior Gold Miners ETF were worth $20,776,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of GDXJ. Empowered Funds LLC purchased a new stake in VanEck Junior Gold Miners ETF in the first quarter worth $1,784,000. Copley Financial Group Inc. raised its stake in shares of VanEck Junior Gold Miners ETF by 4.6% in the first quarter. Copley Financial Group Inc. now owns 46,824 shares of the exchange traded fund’s stock valued at $5,621,000 after buying an additional 2,051 shares during the period. Polar Asset Management Partners Inc. purchased a new position in shares of VanEck Junior Gold Miners ETF during the 1st quarter valued at $1,447,000. Cypress Capital Group purchased a new position in shares of VanEck Junior Gold Miners ETF during the 1st quarter valued at $3,776,000. Finally, Bank of Nova Scotia bought a new position in shares of VanEck Junior Gold Miners ETF during the 1st quarter worth $120,040,000.

VanEck Junior Gold Miners ETF Stock Performance

Shares of GDXJ opened at $109.48 on Thursday. The business has a 50-day moving average of $101.87 and a 200 day moving average of $118.78. VanEck Junior Gold Miners ETF has a fifty-two week low of $69.50 and a fifty-two week high of $157.49. The firm has a market cap of $7.87 billion, a P/E ratio of 24.09 and a beta of 0.85.

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.