Fifth Third Bancorp Makes New Investment in VanEck Junior Gold Miners ETF $GDXJ

Fifth Third Bancorp acquired a new position in shares of VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 16,012 shares of the exchange traded fund’s stock, valued at approximately $1,922,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. RIA Advisory Group LLC lifted its position 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 purchasing an additional 11,605 shares during the period. Southland Equity Partners LLC bought a new position in VanEck Junior Gold Miners ETF in the 4th quarter valued at about $752,000. MRA Advisory Group bought a new position in VanEck Junior Gold Miners ETF in the 4th quarter valued at about $6,706,000. FNY Investment Advisers LLC raised its position in shares of VanEck Junior Gold Miners ETF by 90,525.0% in the 4th quarter. FNY Investment Advisers LLC now owns 14,500 shares of the exchange traded fund’s stock valued at $1,649,000 after buying an additional 14,484 shares in the last quarter. Finally, J. Safra Sarasin Holding AG acquired a new position in shares of VanEck Junior Gold Miners ETF in the 4th quarter valued at approximately $2,427,000.

VanEck Junior Gold Miners ETF Trading Up 3.6%

Shares of VanEck Junior Gold Miners ETF stock opened at $100.56 on Thursday. The company has a market cap of $7.26 billion, a PE ratio of 24.09 and a beta of 0.84. The company has a 50 day moving average of $104.97 and a 200-day moving average of $120.41. VanEck Junior Gold Miners ETF has a 1-year low of $63.90 and a 1-year high of $157.49.

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.