Echo45 Advisors LLC Lowers Position in VanEck Gold Miners ETF $GDX

Echo45 Advisors LLC trimmed its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 12.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,234 shares of the exchange traded fund’s stock after selling 5,577 shares during the period. VanEck Gold Miners ETF accounts for 1.8% of Echo45 Advisors LLC’s portfolio, making the stock its 18th biggest position. Echo45 Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $3,074,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. New Republic Capital LLC bought a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter valued at $29,000. Creekmur Asset Management LLC increased its stake in shares of VanEck Gold Miners ETF by 147.2% in the 2nd quarter. Creekmur Asset Management LLC now owns 608 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 362 shares in the last quarter. Highline Wealth Partners LLC lifted its position in VanEck Gold Miners ETF by 45.0% during the 3rd quarter. Highline Wealth Partners LLC now owns 435 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 135 shares during the period. First Command Advisory Services Inc. bought a new stake in VanEck Gold Miners ETF during the second quarter worth about $35,000. Finally, Tradewinds Capital Management LLC boosted its stake in VanEck Gold Miners ETF by 162.5% during the third quarter. Tradewinds Capital Management LLC now owns 525 shares of the exchange traded fund’s stock worth $40,000 after acquiring an additional 325 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA GDX opened at $105.97 on Thursday. VanEck Gold Miners ETF has a fifty-two week low of $38.58 and a fifty-two week high of $113.50. The company has a 50 day simple moving average of $93.31 and a two-hundred day simple moving average of $77.96. The company has a market capitalization of $32.34 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55.

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.