Traders purchased shares of VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) on weakness during trading on Tuesday. $102.41 million flowed into the stock on the tick-up and $46.83 million flowed out of the stock on the tick-down, for a money net flow of $55.58 million into the stock. Of all equities tracked, VanEck Vectors Gold Miners ETF had the 30th highest net in-flow for the day. VanEck Vectors Gold Miners ETF traded down ($0.09) for the day and closed at $19.30

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Allianz Asset Management GmbH bought a new position in VanEck Vectors Gold Miners ETF in the 1st quarter worth approximately $4,323,000. Cornerstone Wealth Management LLC bought a new position in VanEck Vectors Gold Miners ETF in the 2nd quarter worth approximately $2,203,000. Transamerica Financial Advisors Inc. boosted its holdings in VanEck Vectors Gold Miners ETF by 29.1% in the 2nd quarter. Transamerica Financial Advisors Inc. now owns 10,432 shares of the exchange traded fund’s stock worth $233,000 after buying an additional 2,353 shares during the period. Sterling Investment Advisors Ltd. boosted its holdings in VanEck Vectors Gold Miners ETF by 6.8% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 78,550 shares of the exchange traded fund’s stock worth $1,752,000 after buying an additional 5,025 shares during the period. Finally, S&CO Inc. boosted its holdings in VanEck Vectors Gold Miners ETF by 2.4% in the 2nd quarter. S&CO Inc. now owns 134,302 shares of the exchange traded fund’s stock worth $2,996,000 after buying an additional 3,208 shares during the period.

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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.

See Also: Cost of equity and a company’s balance sheet

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