Gemsstock Ltd. Makes New $11.93 Million Investment in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)

Gemsstock Ltd. purchased a new position in shares of VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 283,300 shares of the exchange traded fund’s stock, valued at approximately $11,933,000. VanEck Junior Gold Miners ETF accounts for 3.8% of Gemsstock Ltd.’s investment portfolio, making the stock its 12th biggest position.

Several other large investors also recently bought and sold shares of GDXJ. Ridgewood Investments LLC purchased a new stake in VanEck Junior Gold Miners ETF during the 2nd quarter worth about $29,000. Sachetta LLC purchased a new position in shares of VanEck Junior Gold Miners ETF in the 4th quarter valued at about $32,000. Vima LLC purchased a new position in shares of VanEck Junior Gold Miners ETF in the 4th quarter valued at about $44,000. MCF Advisors LLC purchased a new position in shares of VanEck Junior Gold Miners ETF in the 2nd quarter valued at about $76,000. Finally, ANTIPODES PARTNERS Ltd increased its holdings in shares of VanEck Junior Gold Miners ETF by 135.8% in the 1st quarter. ANTIPODES PARTNERS Ltd now owns 2,877 shares of the exchange traded fund’s stock valued at $110,000 after acquiring an additional 1,657 shares during the last quarter.

VanEck Junior Gold Miners ETF Price Performance

Shares of GDXJ traded down $1.47 during mid-day trading on Friday, reaching $42.62. The company’s stock had a trading volume of 5,245,441 shares, compared to its average volume of 6,028,312. VanEck Junior Gold Miners ETF has a 12-month low of $30.46 and a 12-month high of $49.13. The stock has a market cap of $5.01 billion, a PE ratio of 24.80 and a beta of 1.03. The company’s 50 day moving average is $45.23 and its 200 day moving average is $42.04.

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.