Bank of Nova Scotia Invests $120.04 Million in VanEck Junior Gold Miners ETF $GDXJ

Bank of Nova Scotia bought a new stake in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 1,000,000 shares of the exchange traded fund’s stock, valued at approximately $120,040,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Princeton Global Asset Management LLC acquired a new position in shares of VanEck Junior Gold Miners ETF in the first quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of VanEck Junior Gold Miners ETF in the 4th quarter valued at about $28,000. Colonial Trust Advisors acquired a new position in shares of VanEck Junior Gold Miners ETF in the 4th quarter valued at about $28,000. Mcguire Capital Advisors Inc. bought a new stake in VanEck Junior Gold Miners ETF in the fourth quarter valued at $28,000. Finally, Arax Advisory Partners bought a new stake in shares of VanEck Junior Gold Miners ETF during the fourth quarter valued at approximately $44,000.

VanEck Junior Gold Miners ETF Price Performance

Shares of NYSEARCA:GDXJ opened at $97.60 on Friday. VanEck Junior Gold Miners ETF has a 12 month low of $63.90 and a 12 month high of $157.49. The stock has a market cap of $7.05 billion, a price-to-earnings ratio of 24.09 and a beta of 0.84. The stock’s 50 day moving average price is $104.41 and its 200 day moving average price is $120.30.

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.