Chung Wu Investment Group LLC Purchases Shares of 12,500 VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)

Chung Wu Investment Group LLC acquired a new position in shares of VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) in the first quarter, HoldingsChannel.com reports. The firm acquired 12,500 shares of the exchange traded fund’s stock, valued at approximately $715,000. VanEck Junior Gold Miners ETF makes up about 0.9% of Chung Wu Investment Group LLC’s holdings, making the stock its 28th largest position.

Other hedge funds also recently modified their holdings of the company. Rafferty Asset Management LLC increased its position in VanEck Junior Gold Miners ETF by 28.8% during the fourth quarter. Rafferty Asset Management LLC now owns 2,968,980 shares of the exchange traded fund’s stock worth $126,924,000 after buying an additional 663,924 shares during the last quarter. Lingotto Investment Management LLP boosted its stake in shares of VanEck Junior Gold Miners ETF by 2.5% during the 4th quarter. Lingotto Investment Management LLP now owns 2,468,267 shares of the exchange traded fund’s stock worth $105,518,000 after acquiring an additional 59,589 shares during the period. Invesco Ltd. increased its holdings in shares of VanEck Junior Gold Miners ETF by 1.3% during the 4th quarter. Invesco Ltd. now owns 1,785,646 shares of the exchange traded fund’s stock worth $76,336,000 after acquiring an additional 23,246 shares during the last quarter. JPMorgan Chase & Co. raised its stake in VanEck Junior Gold Miners ETF by 18.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,484,924 shares of the exchange traded fund’s stock valued at $63,481,000 after acquiring an additional 229,550 shares during the period. Finally, Cetera Investment Advisers raised its stake in VanEck Junior Gold Miners ETF by 17.0% in the 4th quarter. Cetera Investment Advisers now owns 964,270 shares of the exchange traded fund’s stock valued at $41,223,000 after acquiring an additional 140,026 shares during the period.

VanEck Junior Gold Miners ETF Price Performance

Shares of VanEck Junior Gold Miners ETF stock opened at $66.78 on Thursday. The business has a fifty day simple moving average of $64.55 and a two-hundred day simple moving average of $55.20. VanEck Junior Gold Miners ETF has a 1 year low of $40.26 and a 1 year high of $71.84. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 24.09 and a beta of 0.75.

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.