Investors Buy Shares of VanEck Vectors Gold Miners ETF (GDX) on Weakness

Investors purchased shares of VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) on weakness during trading hours on Wednesday. $208.98 million flowed into the stock on the tick-up and $57.76 million flowed out of the stock on the tick-down, for a money net flow of $151.22 million into the stock. Of all stocks tracked, VanEck Vectors Gold Miners ETF had the highest net in-flow for the day. VanEck Vectors Gold Miners ETF traded down ($0.28) for the day and closed at $21.69

Hedge funds and other institutional investors have recently modified their holdings of the company. Oppenheimer Asset Management Inc. raised its holdings in VanEck Vectors Gold Miners ETF by 3.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 4,558 shares of the exchange traded fund’s stock worth $101,000 after buying an additional 171 shares during the period. Bronfman E.L. Rothschild L.P. raised its holdings in shares of VanEck Vectors Gold Miners ETF by 49.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 6,049 shares of the exchange traded fund’s stock valued at $134,000 after purchasing an additional 2,000 shares during the last quarter. Advantage Investment Management LLC raised its holdings in shares of VanEck Vectors Gold Miners ETF by 581.3% in the third quarter. Advantage Investment Management LLC now owns 6,527 shares of the exchange traded fund’s stock valued at $150,000 after purchasing an additional 5,569 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of VanEck Vectors Gold Miners ETF in the third quarter valued at approximately $199,000. Finally, Northside Capital Management LLC acquired a new stake in shares of VanEck Vectors Gold Miners ETF in the third quarter valued at approximately $202,000.

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VanEck Vectors Gold Miners ETF Company Profile

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