Investors Buy VanEck Vectors Junior Gold Miners ETF (GDXJ) on Weakness

Traders bought shares of VanEck Vectors Junior Gold Miners ETF (NASDAQ:GDXJ) on weakness during trading on Friday. $176.07 million flowed into the stock on the tick-up and $46.50 million flowed out of the stock on the tick-down, for a money net flow of $129.57 million into the stock. Of all equities tracked, VanEck Vectors Junior Gold Miners ETF had the 3rd highest net in-flow for the day. VanEck Vectors Junior Gold Miners ETF traded down ($0.72) for the day and closed at $36.96

The company has a 50 day moving average of $33.99 and a 200 day moving average of $34.04.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its position in VanEck Vectors Junior Gold Miners ETF by 47.3% during the second quarter. Wells Fargo & Company MN now owns 15,391,505 shares of the company’s stock valued at $513,769,000 after purchasing an additional 4,943,702 shares during the last quarter. Virtu KCG Holdings LLC boosted its position in VanEck Vectors Junior Gold Miners ETF by 1,279.9% during the second quarter. Virtu KCG Holdings LLC now owns 266,787 shares of the company’s stock valued at $8,905,000 after purchasing an additional 247,453 shares during the last quarter. Valiant Capital Management L.P. acquired a new stake in VanEck Vectors Junior Gold Miners ETF during the second quarter valued at $6,593,000. Glovista Investments LLC boosted its position in VanEck Vectors Junior Gold Miners ETF by 44.6% during the second quarter. Glovista Investments LLC now owns 175,024 shares of the company’s stock valued at $5,850,000 after purchasing an additional 54,011 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its position in VanEck Vectors Junior Gold Miners ETF by 7.0% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 170,206 shares of the company’s stock valued at $5,681,000 after purchasing an additional 11,111 shares during the last quarter.

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About VanEck Vectors Junior Gold Miners ETF

Market Vectors Junior Gold Miners ETF (the Fund) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Junior Gold Miners Index (the Index). The Index provides exposure to a global universe of publicly traded small- and medium-capitalization companies that generate at least 50% of their revenues from gold and/or silver mining, hold real property that has the potential to produce at least 50% of the Company’s revenue from gold or silver mining when developed, or primarily invest in gold or silver.

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