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

Investors purchased shares of VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) on weakness during trading on Thursday. $89.07 million flowed into the stock on the tick-up and $46.71 million flowed out of the stock on the tick-down, for a money net flow of $42.36 million into the stock. Of all companies tracked, VanEck Vectors Gold Miners ETF had the 9th highest net in-flow for the day. VanEck Vectors Gold Miners ETF traded down ($0.11) for the day and closed at $21.58

Several institutional investors and hedge funds have recently made changes to their positions in GDX. Scotia Capital Inc. boosted its holdings in shares of VanEck Vectors Gold Miners ETF by 36.8% during the second quarter. Scotia Capital Inc. now owns 33,425 shares of the exchange traded fund’s stock worth $738,000 after purchasing an additional 8,995 shares during the period. Tocqueville Asset Management L.P. boosted its holdings in shares of VanEck Vectors Gold Miners ETF by 752.6% during the third quarter. Tocqueville Asset Management L.P. now owns 79,981 shares of the exchange traded fund’s stock worth $1,836,000 after purchasing an additional 70,600 shares during the period. Employees Retirement System of Texas acquired a new stake in shares of VanEck Vectors Gold Miners ETF during the second quarter worth approximately $1,921,000. Guild Investment Management Inc. acquired a new stake in shares of VanEck Vectors Gold Miners ETF during the third quarter worth approximately $2,282,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of VanEck Vectors Gold Miners ETF by 13.6% during the second quarter. Ameriprise Financial Inc. now owns 646,191 shares of the exchange traded fund’s stock worth $13,393,000 after purchasing an additional 77,535 shares during the period.

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