Traders Sell Shares of 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 Wednesday. $74.55 million flowed into the stock on the tick-up and $335.87 million flowed out of the stock on the tick-down, for a money net flow of $261.32 million out of the stock. Of all companies tracked, VanEck Vectors Gold Miners ETF had the 0th highest net out-flow for the day. VanEck Vectors Gold Miners ETF traded up $0.27 for the day and closed at $21.32
The firm also recently declared an annual dividend, which was paid on Thursday, December 27th. Investors of record on Friday, December 21st were given a dividend of $0.105 per share. The ex-dividend date was Thursday, December 20th. This represents a yield of 0.51%.
A number of hedge funds and other institutional investors have recently modified their holdings of GDX. Flagship Harbor Advisors LLC raised its holdings in VanEck Vectors Gold Miners ETF by 630.3% in the third quarter. Flagship Harbor Advisors LLC now owns 5,536 shares of the exchange traded fund’s stock worth $103,000 after buying an additional 4,778 shares during the last quarter. Horan Capital Advisors LLC. purchased a new position in VanEck Vectors Gold Miners ETF in the second quarter worth about $109,000. Centaurus Financial Inc. bought a new stake in shares of VanEck Vectors Gold Miners ETF in the second quarter worth approximately $114,000. Raymond James Trust N.A. bought a new stake in shares of VanEck Vectors Gold Miners ETF in the third quarter worth approximately $240,000. Finally, Jolley Asset Management LLC grew its stake in shares of VanEck Vectors Gold Miners ETF by 411.3% in the third quarter. Jolley Asset Management LLC now owns 13,550 shares of the exchange traded fund’s stock worth $251,000 after acquiring an additional 10,900 shares during the period.
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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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