FNY Investment Advisers LLC Cuts Position in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)

FNY Investment Advisers LLC lessened its position in shares of VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) by 70.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,311 shares of the exchange traded fund’s stock after selling 3,065 shares during the quarter. FNY Investment Advisers LLC’s holdings in VanEck Junior Gold Miners ETF were worth $74,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Fortis Advisors LLC bought a new stake in shares of VanEck Junior Gold Miners ETF in the 1st quarter valued at approximately $226,000. Tcfg Wealth Management LLC bought a new position in shares of VanEck Junior Gold Miners ETF during the 1st quarter worth $663,000. Focus Financial Network Inc. bought a new position in shares of VanEck Junior Gold Miners ETF during the first quarter valued at approximately $240,000. SG Americas Securities LLC increased its holdings in shares of VanEck Junior Gold Miners ETF by 68.1% in the 1st quarter. SG Americas Securities LLC now owns 6,060 shares of the exchange traded fund’s stock valued at $347,000 after acquiring an additional 2,456 shares during the period. Finally, Deane Retirement Strategies Inc. bought a new position in VanEck Junior Gold Miners ETF in the first quarter worth about $2,460,000.

VanEck Junior Gold Miners ETF Stock Down 2.3%

NYSEARCA GDXJ opened at $69.62 on Tuesday. The firm has a market cap of $5.66 billion, a PE ratio of 22.95 and a beta of 0.75. The company has a 50 day moving average price of $63.46 and a 200 day moving average price of $54.32. VanEck Junior Gold Miners ETF has a 52 week low of $40.26 and a 52 week high of $71.84.

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.