Yong Rong HK Asset Management Ltd Invests $11.37 Million in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)

Yong Rong HK Asset Management Ltd bought a new stake in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 300,000 shares of the exchange traded fund’s stock, valued at approximately $11,373,000. VanEck Junior Gold Miners ETF makes up approximately 4.3% of Yong Rong HK Asset Management Ltd’s portfolio, making the stock its 7th biggest position.

A number of other institutional investors have also added to or reduced their stakes in the company. Citigroup Inc. grew its holdings in shares of VanEck Junior Gold Miners ETF by 94.6% during the third quarter. Citigroup Inc. now owns 4,464,526 shares of the exchange traded fund’s stock valued at $143,892,000 after buying an additional 2,170,733 shares during the last quarter. Toronto Dominion Bank boosted its stake in VanEck Junior Gold Miners ETF by 119.2% during the 3rd quarter. Toronto Dominion Bank now owns 3,104,087 shares of the exchange traded fund’s stock valued at $100,045,000 after purchasing an additional 1,688,086 shares during the last quarter. Alaska Permanent Fund Corp increased its holdings in VanEck Junior Gold Miners ETF by 30.1% during the 3rd quarter. Alaska Permanent Fund Corp now owns 6,275,459 shares of the exchange traded fund’s stock worth $202,258,000 after purchasing an additional 1,451,064 shares in the last quarter. Rafferty Asset Management LLC raised its stake in shares of VanEck Junior Gold Miners ETF by 27.0% in the third quarter. Rafferty Asset Management LLC now owns 4,234,650 shares of the exchange traded fund’s stock worth $136,483,000 after purchasing an additional 901,115 shares during the last quarter. Finally, UBS Group AG lifted its holdings in shares of VanEck Junior Gold Miners ETF by 129.7% in the third quarter. UBS Group AG now owns 1,564,205 shares of the exchange traded fund’s stock valued at $50,414,000 after purchasing an additional 883,302 shares in the last quarter.

VanEck Junior Gold Miners ETF Trading Up 3.1 %

Shares of NYSEARCA:GDXJ traded up $1.24 during mid-day trading on Wednesday, hitting $41.70. 5,140,124 shares of the company traded hands, compared to its average volume of 7,236,049. The stock has a 50-day moving average price of $37.96 and a two-hundred day moving average price of $36.21. VanEck Junior Gold Miners ETF has a 12-month low of $30.46 and a 12-month high of $44.70. The stock has a market cap of $4.93 billion, a P/E ratio of 25.32 and a beta of 0.98.

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.