Independent Financial Group LLC Takes Position in VanEck Junior Gold Miners ETF $GDXJ

Independent Financial Group LLC purchased a new position in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 6,341 shares of the exchange traded fund’s stock, valued at approximately $761,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Princeton Global Asset Management LLC bought a new stake in VanEck Junior Gold Miners ETF in the first quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of VanEck Junior Gold Miners ETF during the fourth quarter valued at $28,000. Colonial Trust Advisors purchased a new position in shares of VanEck Junior Gold Miners ETF in the 4th quarter worth about $28,000. Mcguire Capital Advisors Inc. purchased a new position in shares of VanEck Junior Gold Miners ETF in the 4th quarter worth about $28,000. Finally, Arax Advisory Partners bought a new position in VanEck Junior Gold Miners ETF in the 4th quarter worth about $44,000.

VanEck Junior Gold Miners ETF Stock Performance

Shares of GDXJ stock opened at $97.09 on Wednesday. VanEck Junior Gold Miners ETF has a one year low of $63.90 and a one year high of $157.49. The company’s 50-day moving average is $105.54 and its 200 day moving average is $120.50. The company has a market capitalization of $7.01 billion, a price-to-earnings ratio of 24.09 and a beta of 0.84.

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.