Hsbc Holdings PLC Makes New $866,000 Investment in VanEck Junior Gold Miners ETF $GDXJ

Hsbc Holdings PLC purchased a new position in shares of VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,569 shares of the exchange traded fund’s stock, valued at approximately $866,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. RIA Advisory Group LLC lifted its holdings in VanEck Junior Gold Miners ETF by 45.1% during the fourth quarter. RIA Advisory Group LLC now owns 37,327 shares of the exchange traded fund’s stock worth $4,247,000 after acquiring an additional 11,605 shares in the last quarter. Southland Equity Partners LLC acquired a new position in VanEck Junior Gold Miners ETF in the fourth quarter valued at about $752,000. Harbor Investment Advisory LLC increased its holdings in shares of VanEck Junior Gold Miners ETF by 69.4% in the fourth quarter. Harbor Investment Advisory LLC now owns 51,862 shares of the exchange traded fund’s stock worth $5,901,000 after acquiring an additional 21,255 shares in the last quarter. FNY Investment Advisers LLC increased its holdings in shares of VanEck Junior Gold Miners ETF by 90,525.0% in the fourth quarter. FNY Investment Advisers LLC now owns 14,500 shares of the exchange traded fund’s stock worth $1,649,000 after acquiring an additional 14,484 shares in the last quarter. Finally, MRA Advisory Group bought a new stake in shares of VanEck Junior Gold Miners ETF in the fourth quarter worth about $6,706,000.

VanEck Junior Gold Miners ETF Stock Performance

Shares of GDXJ opened at $98.37 on Wednesday. The stock has a 50 day simple moving average of $108.74 and a 200 day simple moving average of $121.30. VanEck Junior Gold Miners ETF has a 52-week low of $63.90 and a 52-week high of $157.49. The firm has a market capitalization of $7.07 billion, a PE ratio of 24.09 and a beta of 0.84.

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.