Traders Buy Shares of Market Vectors Gold Miners ETF (GDX) on Weakness

Investors purchased shares of Market Vectors Gold Miners ETF (NYSE:GDX) on weakness during trading on Monday. $501.40 million flowed into the stock on the tick-up and $110.25 million flowed out of the stock on the tick-down, for a money net flow of $391.15 million into the stock. Of all stocks tracked, Market Vectors Gold Miners ETF had the highest net in-flow for the day. Market Vectors Gold Miners ETF traded down ($0.68) for the day and closed at $24.56

The company has a 50-day moving average price of $23.34 and a 200-day moving average price of $22.77.

Several hedge funds and other institutional investors have recently modified their holdings of GDX. Puplava Financial Services Inc. raised its stake in shares of Market Vectors Gold Miners ETF by 38.6% in the second quarter. Puplava Financial Services Inc. now owns 39,561 shares of the exchange traded fund’s stock valued at $874,000 after purchasing an additional 11,010 shares in the last quarter. E&G Advisors LP raised its stake in shares of Market Vectors Gold Miners ETF by 5.9% in the second quarter. E&G Advisors LP now owns 55,850 shares of the exchange traded fund’s stock valued at $1,233,000 after purchasing an additional 3,100 shares in the last quarter. Vontobel Swiss Wealth Advisors AG acquired a new position in shares of Market Vectors Gold Miners ETF in the second quarter valued at $432,000. Hanson & Doremus Investment Management raised its stake in shares of Market Vectors Gold Miners ETF by 11.7% in the second quarter. Hanson & Doremus Investment Management now owns 59,843 shares of the exchange traded fund’s stock valued at $1,321,000 after purchasing an additional 6,255 shares in the last quarter. Finally, Harbour Capital Advisors LLC raised its stake in shares of Market Vectors Gold Miners ETF by 2,108.0% in the second quarter. Harbour Capital Advisors LLC now owns 52,992 shares of the exchange traded fund’s stock valued at $2,400,000 after purchasing an additional 50,592 shares in the last quarter.

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Market Vectors Gold Miners ETF Company Profile

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