Marathon Strategic Advisors LLC Has $2.72 Million Stock Holdings in VanEck Junior Gold Miners ETF $GDXJ

Marathon Strategic Advisors LLC cut its stake in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) by 48.2% in the third quarter, HoldingsChannel.com reports. The fund owned 27,493 shares of the exchange traded fund’s stock after selling 25,586 shares during the period. VanEck Junior Gold Miners ETF makes up 2.2% of Marathon Strategic Advisors LLC’s investment portfolio, making the stock its 13th largest position. Marathon Strategic Advisors LLC’s holdings in VanEck Junior Gold Miners ETF were worth $2,723,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Total Investment Management Inc. bought a new stake in shares of VanEck Junior Gold Miners ETF in the second quarter valued at about $27,000. Farther Finance Advisors LLC grew its position in shares of VanEck Junior Gold Miners ETF by 58.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 474 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 175 shares during the period. Fortitude Family Office LLC acquired a new position in VanEck Junior Gold Miners ETF during the second quarter worth approximately $48,000. Wealth Preservation Advisors LLC acquired a new position in shares of VanEck Junior Gold Miners ETF during the 1st quarter worth approximately $59,000. Finally, CENTRAL TRUST Co bought a new position in shares of VanEck Junior Gold Miners ETF in the second quarter valued at about $68,000.

VanEck Junior Gold Miners ETF Trading Up 3.0%

NYSEARCA GDXJ opened at $117.63 on Friday. The company has a 50 day moving average of $101.82 and a 200-day moving average of $85.68. The company has a market cap of $10.04 billion, a price-to-earnings ratio of 24.09 and a beta of 0.74. VanEck Junior Gold Miners ETF has a 1-year low of $41.85 and a 1-year high of $118.87.

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.