Traders sold shares of VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) on strength during trading on Wednesday. $107.65 million flowed into the stock on the tick-up and $480.20 million flowed out of the stock on the tick-down, for a money net flow of $372.55 million out of the stock. Of all equities tracked, VanEck Vectors Gold Miners ETF had the 0th highest net out-flow for the day. VanEck Vectors Gold Miners ETF traded up $0.59 for the day and closed at $21.86
The stock has a market capitalization of $7,620.00 and a P/E ratio of -6.70.
Several hedge funds have recently made changes to their positions in GDX. G&S Capital LLC acquired a new stake in shares of VanEck Vectors Gold Miners ETF during the fourth quarter valued at about $139,000. Advantage Investment Management LLC boosted its stake in shares of VanEck Vectors Gold Miners ETF by 581.3% during the third quarter. Advantage Investment Management LLC now owns 6,527 shares of the exchange traded fund’s stock valued at $150,000 after purchasing an additional 5,569 shares in the last quarter. Financial Advocates Investment Management acquired a new stake in shares of VanEck Vectors Gold Miners ETF during the fourth quarter valued at about $177,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of VanEck Vectors Gold Miners ETF during the third quarter valued at about $199,000. Finally, White Lighthouse Investment Management Inc. acquired a new position in shares of VanEck Vectors Gold Miners ETF in the fourth quarter worth approximately $225,000.
ILLEGAL ACTIVITY NOTICE: “Investors Sell Shares of VanEck Vectors Gold Miners ETF (GDX) on Strength (GDX)” was first published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright and trademark law. The original version of this piece of content can be viewed at https://www.com-unik.info/2018/03/23/investors-sell-shares-of-vaneck-vectors-gold-miners-etf-gdx-on-strength-gdx.html.
About VanEck Vectors Gold Miners ETF
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.
Receive News & Ratings for VanEck Vectors Gold Miners ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Vectors Gold Miners ETF and related companies with MarketBeat.com's FREE daily email newsletter.