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

Traders purchased shares of VanEck Vectors Gold Miners ETF (NYSE:GDX) on weakness during trading hours on Thursday. $234.44 million flowed into the stock on the tick-up and $39.49 million flowed out of the stock on the tick-down, for a money net flow of $194.95 million into the stock. Of all companies tracked, VanEck Vectors Gold Miners ETF had the 2nd highest net in-flow for the day. VanEck Vectors Gold Miners ETF traded down ($0.08) for the day and closed at $23.72

The stock’s 50-day moving average price is $23.93 and its 200-day moving average price is $22.96.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. M Holdings Securities Inc. acquired a new stake in VanEck Vectors Gold Miners ETF in the 2nd quarter valued at $257,000. WFG Advisors LP increased its holdings in VanEck Vectors Gold Miners ETF by 5.6% in the 2nd quarter. WFG Advisors LP now owns 27,941 shares of the exchange traded fund’s stock valued at $617,000 after purchasing an additional 1,474 shares in the last quarter. Cetera Investment Advisers increased its holdings in VanEck Vectors Gold Miners ETF by 57.0% in the 2nd quarter. Cetera Investment Advisers now owns 43,675 shares of the exchange traded fund’s stock valued at $965,000 after purchasing an additional 15,855 shares in the last quarter. Advisory Services Network LLC increased its holdings in VanEck Vectors Gold Miners ETF by 17.2% in the 2nd quarter. Advisory Services Network LLC now owns 33,150 shares of the exchange traded fund’s stock valued at $732,000 after purchasing an additional 4,872 shares in the last quarter. Finally, Millie Capital Management LLC increased its holdings in VanEck Vectors Gold Miners ETF by 29.7% in the 2nd quarter. Millie Capital Management LLC now owns 14,240 shares of the exchange traded fund’s stock valued at $314,000 after purchasing an additional 3,260 shares in the last quarter.

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