Investors Buy Market Vectors Junior Gold Miners ETF (NASDAQ:GDXJ) on Weakness

Traders purchased shares of Market Vectors Junior Gold Miners ETF (NASDAQ:GDXJ) on weakness during trading on Tuesday. $98.58 million flowed into the stock on the tick-up and $25.00 million flowed out of the stock on the tick-down, for a money net flow of $73.58 million into the stock. Of all equities tracked, Market Vectors Junior Gold Miners ETF had the 4th highest net in-flow for the day. Market Vectors Junior Gold Miners ETF traded down ($0.08) for the day and closed at $33.54

The company’s 50-day moving average is $32.88 and its 200-day moving average is $34.71.

Large investors have recently modified their holdings of the company. Virtu KCG Holdings LLC raised its stake in shares of Market Vectors Junior Gold Miners ETF by 1,279.9% in the second quarter. Virtu KCG Holdings LLC now owns 266,787 shares of the company’s stock valued at $8,905,000 after buying an additional 247,453 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in Market Vectors Junior Gold Miners ETF during the second quarter worth $229,000. FCG Advisors LLC acquired a new position in Market Vectors Junior Gold Miners ETF during the second quarter worth $201,000. Wells Fargo & Company MN increased its position in shares of Market Vectors Junior Gold Miners ETF by 47.3% in the second quarter. Wells Fargo & Company MN now owns 15,391,505 shares of the company’s stock valued at $513,769,000 after buying an additional 4,943,702 shares during the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. increased its position in shares of Market Vectors Junior Gold Miners ETF by 13.8% in the second quarter. Sumitomo Mitsui Financial Group Inc. now owns 11,837 shares of the company’s stock valued at $395,000 after buying an additional 1,438 shares during the last quarter.

WARNING: “Investors Buy Market Vectors Junior Gold Miners ETF (NASDAQ:GDXJ) on Weakness” was posted by Community Financial News and is the property of of Community Financial News. If you are reading this story on another publication, it was illegally copied and republished in violation of U.S. and international copyright and trademark laws. The original version of this story can be viewed at https://www.com-unik.info/2017/08/12/traders-buy-shares-of-market-vectors-junior-gold-miners-etf-nasdaqgdxj-on-weakness-updated.html.

About Market Vectors Junior Gold Miners ETF

Market Vectors Junior Gold Miners ETF (the Fund) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Junior Gold Miners Index (the Index). The Index provides exposure to a global universe of publicly traded small- and medium-capitalization companies that generate at least 50% of their revenues from gold and/or silver mining, hold real property that has the potential to produce at least 50% of the Company’s revenue from gold or silver mining when developed, or primarily invest in gold or silver.

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