Cadence Wealth Management LLC Invests $12.40 Million in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)

Cadence Wealth Management LLC bought a new position in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) during the 4th quarter, HoldingsChannel reports. The fund bought 289,930 shares of the exchange traded fund’s stock, valued at approximately $12,395,000. VanEck Junior Gold Miners ETF makes up approximately 8.2% of Cadence Wealth Management LLC’s portfolio, making the stock its 5th largest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Duncker Streett & Co. Inc. bought a new position in VanEck Junior Gold Miners ETF during the fourth quarter valued at approximately $45,000. Principal Securities Inc. lifted its position in VanEck Junior Gold Miners ETF by 20.7% during the fourth quarter. Principal Securities Inc. now owns 1,411 shares of the exchange traded fund’s stock valued at $60,000 after purchasing an additional 242 shares during the period. FMR LLC lifted its position in VanEck Junior Gold Miners ETF by 101.3% during 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. Blue Trust Inc. lifted its position in VanEck Junior Gold Miners ETF by 50.0% during the fourth quarter. Blue Trust Inc. now owns 2,100 shares of the exchange traded fund’s stock valued at $90,000 after purchasing an additional 700 shares during the period. Finally, Howe & Rusling Inc. lifted its position in VanEck Junior Gold Miners ETF by 73.6% during the third quarter. Howe & Rusling Inc. now owns 2,156 shares of the exchange traded fund’s stock valued at $105,000 after purchasing an additional 914 shares during the period.

VanEck Junior Gold Miners ETF Stock Up 2.7 %

Shares of VanEck Junior Gold Miners ETF stock opened at $56.49 on Tuesday. VanEck Junior Gold Miners ETF has a twelve month low of $35.34 and a twelve month high of $57.28. The company has a market cap of $5.41 billion, a price-to-earnings ratio of 19.93 and a beta of 1.24. The company’s 50 day moving average is $49.42 and its 200 day moving average is $48.43.

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.