Hollencrest Capital Management Grows Stake in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)

Hollencrest Capital Management lifted its stake in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) by 3.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 79,716 shares of the exchange traded fund’s stock after purchasing an additional 2,941 shares during the quarter. Hollencrest Capital Management’s holdings in VanEck Junior Gold Miners ETF were worth $3,891,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Concurrent Investment Advisors LLC purchased a new position in VanEck Junior Gold Miners ETF in the 3rd quarter worth $219,000. Radnor Capital Management LLC lifted its stake in VanEck Junior Gold Miners ETF by 100.0% during the 3rd quarter. Radnor Capital Management LLC now owns 11,200 shares of the exchange traded fund’s stock valued at $547,000 after acquiring an additional 5,600 shares during the period. Arlington Trust Co LLC acquired a new stake in VanEck Junior Gold Miners ETF during the 3rd quarter worth about $37,000. Focus Financial Network Inc. acquired a new stake in shares of VanEck Junior Gold Miners ETF during the 3rd quarter valued at about $203,000. Finally, Boston Financial Mangement LLC grew its stake in VanEck Junior Gold Miners ETF by 3.6% in the 3rd quarter. Boston Financial Mangement LLC now owns 72,000 shares of the exchange traded fund’s stock valued at $3,514,000 after acquiring an additional 2,500 shares during the period.

VanEck Junior Gold Miners ETF Trading Down 2.4 %

NYSEARCA:GDXJ traded down $1.22 during trading hours on Friday, reaching $49.10. 2,547,759 shares of the company were exchanged, compared to its average volume of 5,772,046. The stock’s 50-day moving average is $49.30 and its 200-day moving average is $45.92. VanEck Junior Gold Miners ETF has a twelve month low of $30.89 and a twelve month high of $55.58. The firm has a market cap of $5.77 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.