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

Investors purchased shares of VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) on weakness during trading hours on Tuesday. $330.99 million flowed into the stock on the tick-up and $105.62 million flowed out of the stock on the tick-down, for a money net flow of $225.37 million into the stock. Of all stocks tracked, VanEck Vectors Gold Miners ETF had the 2nd highest net in-flow for the day. VanEck Vectors Gold Miners ETF traded down ($0.60) for the day and closed at $22.11

The company has a market capitalization of $6,750.00 and a PE ratio of -6.80.

Large investors have recently modified their holdings of the company. Bessemer Group Inc. bought a new stake in VanEck Vectors Gold Miners ETF in the third quarter valued at $211,361,000. MD Financial Management Inc. acquired a new stake in shares of VanEck Vectors Gold Miners ETF in the fourth quarter valued at about $50,598,000. Virtu Financial LLC grew its stake in shares of VanEck Vectors Gold Miners ETF by 173.1% in the third quarter. Virtu Financial LLC now owns 2,755,966 shares of the exchange traded fund’s stock valued at $60,486,000 after buying an additional 1,746,823 shares in the last quarter. Graham Capital Management L.P. grew its stake in shares of VanEck Vectors Gold Miners ETF by 137.1% in the third quarter. Graham Capital Management L.P. now owns 1,541,258 shares of the exchange traded fund’s stock valued at $35,387,000 after buying an additional 891,258 shares in the last quarter. Finally, Mizuho Securities USA LLC acquired a new stake in shares of VanEck Vectors Gold Miners ETF in the third quarter valued at about $17,220,000.

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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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