Kercheville Advisors LLC Has $7.39 Million Position in VanEck Junior Gold Miners ETF $GDXJ

Kercheville Advisors LLC reduced its stake in shares of VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) by 2.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,392 shares of the exchange traded fund’s stock after selling 2,925 shares during the quarter. VanEck Junior Gold Miners ETF accounts for 2.6% of Kercheville Advisors LLC’s portfolio, making the stock its 15th largest position. Kercheville Advisors LLC owned about 0.13% of VanEck Junior Gold Miners ETF worth $7,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of GDXJ. Invesco Ltd. increased its stake in shares of VanEck Junior Gold Miners ETF by 63.7% in the first quarter. Invesco Ltd. now owns 2,923,232 shares of the exchange traded fund’s stock valued at $167,209,000 after buying an additional 1,137,586 shares in the last quarter. Nearwater Capital Markets Ltd acquired a new stake in shares of VanEck Junior Gold Miners ETF in the first quarter valued at $42,900,000. ANTIPODES PARTNERS Ltd acquired a new stake in shares of VanEck Junior Gold Miners ETF in the first quarter valued at $34,791,000. Trek Financial LLC acquired a new stake in shares of VanEck Junior Gold Miners ETF in the first quarter valued at $9,143,000. Finally, Quantitative Investment Management LLC acquired a new stake in shares of VanEck Junior Gold Miners ETF in the first quarter valued at $8,125,000.

VanEck Junior Gold Miners ETF Stock Performance

Shares of NYSEARCA:GDXJ opened at $99.74 on Friday. VanEck Junior Gold Miners ETF has a twelve month low of $41.85 and a twelve month high of $101.36. The firm has a market cap of $8.50 billion, a PE ratio of 24.09 and a beta of 1.06. The business has a fifty day moving average of $81.47 and a 200-day moving average of $69.72.

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.