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

Investors purchased shares of VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) on weakness during trading on Friday. $199.23 million flowed into the stock on the tick-up and $29.98 million flowed out of the stock on the tick-down, for a money net flow of $169.25 million into the stock. Of all companies tracked, VanEck Vectors Gold Miners ETF had the highest net in-flow for the day. VanEck Vectors Gold Miners ETF traded down ($0.45) for the day and closed at $19.36

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Flagship Harbor Advisors LLC boosted its position in VanEck Vectors Gold Miners ETF by 630.3% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 5,536 shares of the exchange traded fund’s stock worth $103,000 after acquiring an additional 4,778 shares during the period. Horan Capital Advisors LLC. acquired a new position in VanEck Vectors Gold Miners ETF during the 2nd quarter worth $109,000. Centaurus Financial Inc. acquired a new position in VanEck Vectors Gold Miners ETF during the 2nd quarter worth $114,000. Robinson Value Management Ltd. acquired a new position in VanEck Vectors Gold Miners ETF during the 2nd quarter worth $179,000. Finally, Financial Advocates Investment Management acquired a new position in VanEck Vectors Gold Miners ETF during the 2nd quarter worth $206,000.

ILLEGAL ACTIVITY WARNING: “Traders Buy VanEck Vectors Gold Miners ETF (GDX) on Weakness” was originally posted by Fairfield Current and is owned by of Fairfield Current. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://www.fairfieldcurrent.com/2018/11/25/traders-buy-vaneck-vectors-gold-miners-etf-gdx-on-weakness.html.

VanEck Vectors Gold Miners ETF Company Profile (NYSEARCA:GDX)

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.

Featured Story: What is a Tariff?

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.