Investors Sell VanEck Vectors Gold Miners ETF (GDX) on Strength (GDX)

Traders sold shares of VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) on strength during trading on Tuesday. $34.69 million flowed into the stock on the tick-up and $97.92 million flowed out of the stock on the tick-down, for a money net flow of $63.23 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 $0.13 for the day and closed at $22.93

Hedge funds have recently modified their holdings of the business. Steward Partners Investment Advisory LLC bought a new position in shares of VanEck Vectors Gold Miners ETF in the third quarter worth $199,000. Cumberland Advisors Inc. increased its holdings in shares of VanEck Vectors Gold Miners ETF by 5.5% in the fourth quarter. Cumberland Advisors Inc. now owns 232,265 shares of the exchange traded fund’s stock worth $5,398,000 after purchasing an additional 12,120 shares during the period. White Lighthouse Investment Management Inc. bought a new position in shares of VanEck Vectors Gold Miners ETF in the fourth quarter worth $225,000. Simplex Trading LLC increased its holdings in shares of VanEck Vectors Gold Miners ETF by 11.1% in the fourth quarter. Simplex Trading LLC now owns 97,976 shares of the exchange traded fund’s stock worth $2,276,000 after purchasing an additional 9,814 shares during the period. Finally, Hexavest Inc. increased its holdings in shares of VanEck Vectors Gold Miners ETF by 1.3% in the fourth quarter. Hexavest Inc. now owns 9,803,102 shares of the exchange traded fund’s stock worth $227,824,000 after purchasing an additional 121,679 shares during the period.

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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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