Barclays PLC Sells Shares of VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)

Barclays PLC has significantly reduced its position in the VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ), selling 77.9% of its shares during the third quarter of the year. According to the latest filing with the Securities and Exchange Commission, the bank now holds 12,756 shares after divesting 44,930 shares in that period. As of this filing, the value of Barclays PLC's holdings in the ETF is approximately $622,000.

In addition to Barclays, several other large investors have made changes to their stakes in the VanEck Junior Gold Miners ETF. Commonwealth Equity Services LLC increased its position by 26.5% in the second quarter, bringing its total to 163,518 shares worth about $6,887,000 after acquiring an additional 34,239 shares. Verus Capital Partners LLC also entered the market during the same quarter, acquiring a new stake valued at $202,000. Other firms such as MCF Advisors LLC and Gemsstock Ltd. also bought new stakes worth $76,000 and $11,933,000 respectively. Furthermore, Oxbow Advisors LLC raised its holdings by an impressive 98.3%, now owning 63,784 shares valued at $2,687,000 after buying an additional 31,621 shares in the last quarter.

VanEck Junior Gold Miners ETF Performance Overview

As of Thursday, VanEck Junior Gold Miners ETF shares opened at $42.75. The ETF has experienced a 1-year low of $30.89 and a high of $55.58. It has a market capitalization of $5.02 billion, a price-to-earnings (PE) ratio of 24.80, and a beta of 1.03. The fund’s 50-day moving average stands at $47.54, while its 200-day moving average is at $46.79.

About the VanEck Junior Gold Miners ETF

The VanEck Junior Gold Miners ETF aims to closely follow the performance of the Market Vectors Junior Gold Miners Index. This index includes small- and medium-capitalization companies that generate at least 50% of their revenues from gold and silver mining. It also includes firms that hold properties capable of producing significant revenues from these minerals when developed or that primarily invest in gold or silver.

Barclays, ETF, Investment