Trivium Point Advisory LLC Reduces Holdings in VanEck Gold Miners ETF $GDX

Trivium Point Advisory LLC cut its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 5.7% in the fourth quarter, HoldingsChannel.com reports. 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 accounts for approximately 1.7% of Trivium Point Advisory LLC’s investment portfolio, making the stock its 7th biggest holding. Trivium Point Advisory LLC’s holdings in VanEck Gold Miners ETF were worth $17,153,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of GDX. Constant Guidance Financial LLC purchased a new position in VanEck Gold Miners ETF in the third quarter worth $1,433,000. Tradewinds LLC. acquired a new stake in VanEck Gold Miners ETF during the 3rd quarter worth about $1,568,000. Advisory Alpha LLC acquired a new position in shares of VanEck Gold Miners ETF in the third quarter valued at about $455,000. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in shares of VanEck Gold Miners ETF in the third quarter worth about $848,000. Finally, EverSource Wealth Advisors LLC increased its holdings in 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 worth $2,706,000 after buying an additional 4,778 shares during the period.

VanEck Gold Miners ETF Trading Down 0.1%

Shares of NYSEARCA GDX opened at $97.66 on Friday. The company has a 50 day simple moving average of $98.47 and a two-hundred day simple moving average of $89.17. VanEck Gold Miners ETF has a 12 month low of $45.10 and a 12 month high of $117.18. The stock has a market cap of $30.32 billion, a price-to-earnings ratio of 21.70 and a beta of 0.71.

VanEck Gold Miners ETF 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.