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

Investors 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 firm has a 50-day moving average of $32.79 and a 200 day moving average of $34.58.

A number of large investors have recently modified their holdings of GDXJ. Janney Montgomery Scott LLC raised its stake in shares of Market Vectors Junior Gold Miners ETF by 0.7% in the second quarter. Janney Montgomery Scott LLC now owns 21,869 shares of the company’s stock worth $730,000 after buying an additional 152 shares in the last quarter. Sigma Planning Corp raised its stake in shares of Market Vectors Junior Gold Miners ETF by 1.5% in the second quarter. Sigma Planning Corp now owns 12,596 shares of the company’s stock worth $420,000 after buying an additional 187 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Market Vectors Junior Gold Miners ETF by 5.5% in the second quarter. Stifel Financial Corp now owns 27,331 shares of the company’s stock worth $907,000 after buying an additional 1,418 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. raised its stake 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 worth $395,000 after buying an additional 1,438 shares in the last quarter. Finally, BB&T Securities LLC raised its stake in shares of Market Vectors Junior Gold Miners ETF by 38.7% in the second quarter. BB&T Securities LLC now owns 7,994 shares of the company’s stock worth $266,000 after buying an additional 2,232 shares in the last quarter.

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Market Vectors Junior Gold Miners ETF Company Profile

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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