Bank of Montreal Can Boosts Stock Position in VanEck Junior Gold Miners ETF $GDXJ

Bank of Montreal Can boosted its stake in shares of VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) by 124.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,870,489 shares of the exchange traded fund’s stock after buying an additional 2,149,559 shares during the period. Bank of Montreal Can owned approximately 4.53% of VanEck Junior Gold Miners ETF worth $383,294,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its holdings in VanEck Junior Gold Miners ETF by 1,289.6% in the second quarter. BNP Paribas Financial Markets now owns 866,186 shares of the exchange traded fund’s stock worth $58,546,000 after acquiring an additional 803,854 shares in the last quarter. Eschler Asset Management LLP bought a new position in shares of VanEck Junior Gold Miners ETF during the second quarter valued at $10,138,000. Qube Research & Technologies Ltd bought a new position in shares of VanEck Junior Gold Miners ETF during the second quarter valued at $7,914,000. Lonestar Capital Management LLC purchased a new position in shares of VanEck Junior Gold Miners ETF in the 2nd quarter worth about $6,421,000. Finally, Jump Financial LLC purchased a new position in shares of VanEck Junior Gold Miners ETF in the 2nd quarter worth about $6,208,000.

VanEck Junior Gold Miners ETF Stock Performance

Shares of GDXJ stock opened at $137.23 on Tuesday. The company has a market capitalization of $11.41 billion, a price-to-earnings ratio of 24.09 and a beta of 0.74. VanEck Junior Gold Miners ETF has a one year low of $49.33 and a one year high of $157.49. The company’s 50-day moving average is $133.66 and its 200 day moving average is $110.78.

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.