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

Traders purchased shares of VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) on weakness during trading hours on Monday. $297.23 million flowed into the stock on the tick-up and $75.87 million flowed out of the stock on the tick-down, for a money net flow of $221.36 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 ($0.48) for the day and closed at $22.51

The stock has a market cap of $7,280.00 and a P/E ratio of -6.81.

Several institutional investors have recently bought and sold shares of GDX. G&S Capital LLC bought a new position in VanEck Vectors Gold Miners ETF in the 4th quarter valued at approximately $139,000. Advantage Investment Management LLC lifted its position in VanEck Vectors Gold Miners ETF by 581.3% in the 3rd quarter. Advantage Investment Management LLC now owns 6,527 shares of the exchange traded fund’s stock valued at $150,000 after acquiring an additional 5,569 shares in the last quarter. Financial Advocates Investment Management bought a new position in VanEck Vectors Gold Miners ETF in the 4th quarter valued at approximately $177,000. Steward Partners Investment Advisory LLC bought a new position in VanEck Vectors Gold Miners ETF in the 3rd quarter valued at approximately $199,000. Finally, Timber Hill LLC bought a new position in VanEck Vectors Gold Miners ETF in the 3rd quarter valued at approximately $204,000.

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VanEck Vectors Gold Miners ETF Company Profile

The Fund seeks to match as closely as possible the price and yield performance of the AMEX Gold Miners Index. The Fund, utilizing a passive or indexing investment approach, attempts to approximate the investment performance of the Index by investing in a portfolio of stocks that generally replicate the Index.

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