Connective Capital Management LLC Purchases Shares of 8,294 VanEck Junior Gold Miners ETF $GDXJ

Connective Capital Management LLC bought a new position in shares of VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,294 shares of the exchange traded fund’s stock, valued at approximately $944,000. VanEck Junior Gold Miners ETF accounts for approximately 0.6% of Connective Capital Management LLC’s portfolio, making the stock its 21st largest holding.

Other hedge funds also recently made changes to their positions in the company. Bank of Montreal Can lifted its position in shares of VanEck Junior Gold Miners ETF by 124.9% during the 3rd quarter. Bank of Montreal Can now owns 3,870,489 shares of the exchange traded fund’s stock valued at $383,294,000 after acquiring an additional 2,149,559 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of VanEck Junior Gold Miners ETF by 1,289.6% during the second quarter. BNP Paribas Financial Markets now owns 866,186 shares of the exchange traded fund’s stock valued at $58,546,000 after acquiring an additional 803,854 shares during the period. Nearwater Capital Markets Ltd boosted its stake in VanEck Junior Gold Miners ETF by 90.7% in the 4th quarter. Nearwater Capital Markets Ltd now owns 1,640,000 shares of the exchange traded fund’s stock worth $186,599,000 after purchasing an additional 780,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of VanEck Junior Gold Miners ETF in the fourth quarter valued at $56,890,000. Finally, Capitolis Liquid Global Markets LLC purchased a new position in shares of VanEck Junior Gold Miners ETF during the fourth quarter valued at $55,297,000.

VanEck Junior Gold Miners ETF Price Performance

Shares of GDXJ opened at $107.22 on Friday. The company has a market capitalization of $8.02 billion, a price-to-earnings ratio of 24.09 and a beta of 0.79. The business’s 50-day moving average is $117.65 and its 200-day moving average is $122.86. VanEck Junior Gold Miners ETF has a fifty-two week low of $63.90 and a fifty-two week high of $157.49.

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.