Parsons Capital Management Inc. RI Buys 477 Shares of VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)

Parsons Capital Management Inc. RI boosted its stake in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) by 1.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,904 shares of the exchange traded fund’s stock after purchasing an additional 477 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in VanEck Junior Gold Miners ETF were worth $1,449,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. MML Investors Services LLC boosted its stake 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 acquiring an additional 266 shares during the last quarter. Captrust Financial Advisors acquired a new position in shares of VanEck Junior Gold Miners ETF in the 3rd quarter valued at $242,000. FMR LLC grew its holdings in shares of VanEck Junior Gold Miners ETF by 101.3% in the 3rd quarter. FMR LLC now owns 1,254 shares of the exchange traded fund’s stock valued at $61,000 after buying an additional 631 shares during the period. Signaturefd LLC increased its position in shares of VanEck Junior Gold Miners ETF by 103.1% in the 3rd quarter. Signaturefd LLC now owns 2,774 shares of the exchange traded fund’s stock valued at $135,000 after buying an additional 1,408 shares in the last quarter. Finally, National Bank of Canada FI raised its stake in VanEck Junior Gold Miners ETF by 5.7% during the 3rd quarter. National Bank of Canada FI now owns 283,772 shares of the exchange traded fund’s stock worth $13,851,000 after buying an additional 15,311 shares during the period.

VanEck Junior Gold Miners ETF Trading Down 2.9 %

NYSEARCA:GDXJ opened at $46.23 on Tuesday. VanEck Junior Gold Miners ETF has a 1 year low of $30.89 and a 1 year high of $55.58. The stock has a 50-day moving average price of $46.10 and a two-hundred day moving average price of $47.11. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 24.80 and a beta of 1.03.

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.