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

Investors sold shares of VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) on strength during trading on Friday. $40.17 million flowed into the stock on the tick-up and $126.45 million flowed out of the stock on the tick-down, for a money net flow of $86.28 million out of the stock. Of all stocks tracked, VanEck Vectors Gold Miners ETF had the highest net out-flow for the day. VanEck Vectors Gold Miners ETF traded up $0.10 for the day and closed at $22.07

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Patton Albertson Miller Group LLC lifted its stake in shares of VanEck Vectors Gold Miners ETF by 4.7% in the fourth quarter. Patton Albertson Miller Group LLC now owns 55,674 shares of the exchange traded fund’s stock valued at $1,294,000 after buying an additional 2,475 shares in the last quarter. Oxbow Advisors LLC lifted its stake in shares of VanEck Vectors Gold Miners ETF by 15.4% in the fourth quarter. Oxbow Advisors LLC now owns 19,017 shares of the exchange traded fund’s stock valued at $442,000 after buying an additional 2,531 shares in the last quarter. Resources Investment Advisors Inc. lifted its stake in shares of VanEck Vectors Gold Miners ETF by 56.1% in the fourth quarter. Resources Investment Advisors Inc. now owns 11,125 shares of the exchange traded fund’s stock valued at $259,000 after buying an additional 4,000 shares in the last quarter. Hanson & Doremus Investment Management lifted its stake in shares of VanEck Vectors Gold Miners ETF by 7.6% in the fourth quarter. Hanson & Doremus Investment Management now owns 57,856 shares of the exchange traded fund’s stock valued at $1,345,000 after buying an additional 4,068 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of VanEck Vectors Gold Miners ETF by 9.4% in the third quarter. Cetera Investment Advisers now owns 47,800 shares of the exchange traded fund’s stock valued at $1,092,000 after buying an additional 4,125 shares in the last quarter.

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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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