VanEck Gold Miners ETF $GDX Position Reduced by Trivium Point Advisory LLC

Trivium Point Advisory LLC trimmed its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 5.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 199,992 shares of the exchange traded fund’s stock after selling 12,097 shares during the period. VanEck Gold Miners ETF comprises 1.7% of Trivium Point Advisory LLC’s holdings, making the stock its 7th biggest holding. Trivium Point Advisory LLC owned about 0.07% of VanEck Gold Miners ETF worth $17,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Constant Guidance Financial LLC purchased a new position in shares of VanEck Gold Miners ETF during the third quarter valued at $1,433,000. Tradewinds LLC. purchased a new stake in VanEck Gold Miners ETF in the third quarter worth about $1,568,000. Advisory Alpha LLC bought a new position in VanEck Gold Miners ETF during the 3rd quarter worth about $455,000. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in VanEck Gold Miners ETF during the 3rd quarter valued at about $848,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of VanEck Gold Miners ETF by 15.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 35,422 shares of the exchange traded fund’s stock valued at $2,706,000 after purchasing an additional 4,778 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of GDX opened at $97.66 on Friday. The company has a 50 day moving average price of $98.47 and a 200-day moving average price of $89.17. VanEck Gold Miners ETF has a fifty-two week low of $45.10 and a fifty-two week high of $117.18. The stock has a market capitalization of $30.32 billion, a PE ratio of 21.70 and a beta of 0.71.

VanEck 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.