Riggs Asset Managment Co. Inc. Trims Stock Holdings in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)

Riggs Asset Managment Co. Inc. cut its holdings in shares of VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) by 16.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,380 shares of the exchange traded fund’s stock after selling 7,093 shares during the period. Riggs Asset Managment Co. Inc.’s holdings in VanEck Junior Gold Miners ETF were worth $1,497,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of GDXJ. MML Investors Services LLC grew its position in VanEck Junior Gold Miners ETF by 4.2% during the 3rd 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 last quarter. Captrust Financial Advisors purchased a new position in shares of VanEck Junior Gold Miners ETF in the 3rd quarter valued at approximately $242,000. FMR LLC increased its holdings in shares of VanEck Junior Gold Miners ETF by 101.3% in the third quarter. FMR LLC now owns 1,254 shares of the exchange traded fund’s stock valued at $61,000 after purchasing an additional 631 shares during the period. Signaturefd LLC lifted its holdings in shares of VanEck Junior Gold Miners ETF by 103.1% during the third quarter. Signaturefd LLC now owns 2,774 shares of the exchange traded fund’s stock worth $135,000 after purchasing an additional 1,408 shares during the period. Finally, National Bank of Canada FI grew its position in VanEck Junior Gold Miners ETF by 5.7% in the 3rd quarter. National Bank of Canada FI now owns 283,772 shares of the exchange traded fund’s stock valued at $13,851,000 after buying an additional 15,311 shares during the last quarter.

VanEck Junior Gold Miners ETF Stock Performance

Shares of VanEck Junior Gold Miners ETF stock opened at $48.37 on Friday. VanEck Junior Gold Miners ETF has a one year low of $30.89 and a one year high of $55.58. The company has a market cap of $5.68 billion, a P/E ratio of 24.80 and a beta of 1.03. The firm has a fifty day moving average of $46.08 and a two-hundred day moving average of $47.12.

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.