Traders 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 hours on Wednesday. $61.89 million flowed into the stock on the tick-up and $239.77 million flowed out of the stock on the tick-down, for a money net flow of $177.88 million out of the stock. Of all stocks tracked, VanEck Vectors Gold Miners ETF had the 33rd highest net out-flow for the day. VanEck Vectors Gold Miners ETF traded up $0.51 for the day and closed at $19.81

Several hedge funds have recently made changes to their positions in the stock. Rafferty Asset Management LLC lifted its position in shares of VanEck Vectors Gold Miners ETF by 19.0% during the 3rd quarter. Rafferty Asset Management LLC now owns 29,735,058 shares of the exchange traded fund’s stock worth $550,693,000 after buying an additional 4,739,623 shares during the last quarter. Morgan Stanley raised its position in VanEck Vectors Gold Miners ETF by 77.7% in the third quarter. Morgan Stanley now owns 24,580,270 shares of the exchange traded fund’s stock valued at $455,227,000 after purchasing an additional 10,747,954 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in VanEck Vectors Gold Miners ETF in the third quarter valued at about $429,664,000. Hexavest Inc. raised its position in VanEck Vectors Gold Miners ETF by 20.2% in the third quarter. Hexavest Inc. now owns 9,245,293 shares of the exchange traded fund’s stock valued at $171,223,000 after purchasing an additional 1,551,328 shares during the last quarter. Finally, MD Financial Management Inc. raised its position in VanEck Vectors Gold Miners ETF by 19.6% in the third quarter. MD Financial Management Inc. now owns 3,500,425 shares of the exchange traded fund’s stock valued at $64,828,000 after purchasing an additional 574,508 shares during the last quarter.

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About VanEck Vectors Gold Miners ETF (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.

See Also: Quiet Period

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