Sprott Gold Miners ETF (NYSEARCA:SGDM) Shares Gap Up – Time to Buy?

Sprott Gold Miners ETF (NYSEARCA:SGDM)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $78.41, but opened at $83.17. Sprott Gold Miners ETF shares last traded at $82.9640, with a volume of 37,446 shares.

Sprott Gold Miners ETF Trading Up 6.0%

The company has a 50 day simple moving average of $69.34 and a two-hundred day simple moving average of $59.54. The firm has a market capitalization of $790.40 million, a P/E ratio of -1,347.53 and a beta of 0.44.

Sprott Gold Miners ETF Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Monday, December 22nd. Investors of record on Thursday, December 18th were issued a dividend of $0.727 per share. The ex-dividend date was Thursday, December 18th. This represents a yield of 75.0%. Sprott Gold Miners ETF’s payout ratio is presently -470.18%.

Institutional Trading of Sprott Gold Miners ETF

Hedge funds have recently added to or reduced their stakes in the business. D.A. Davidson & CO. purchased a new position in shares of Sprott Gold Miners ETF in the 3rd quarter valued at $1,650,000. Cetera Investment Advisers increased its holdings in shares of Sprott Gold Miners ETF by 10.7% during the 2nd quarter. Cetera Investment Advisers now owns 240,329 shares of the company’s stock valued at $10,872,000 after purchasing an additional 23,150 shares in the last quarter. New Harbor Financial Group LLC raised its holdings in Sprott Gold Miners ETF by 55.8% in the 2nd quarter. New Harbor Financial Group LLC now owns 64,228 shares of the company’s stock worth $2,906,000 after purchasing an additional 23,002 shares during the period. United Capital Financial Advisors LLC acquired a new position in Sprott Gold Miners ETF during the third quarter worth $1,341,000. Finally, Raymond James Financial Inc. grew its position in shares of Sprott Gold Miners ETF by 25.5% in the third quarter. Raymond James Financial Inc. now owns 81,448 shares of the company’s stock valued at $5,050,000 after purchasing an additional 16,563 shares during the period.

Sprott Gold Miners ETF Company Profile

The Sprott Gold Miners ETF (SGDM) is an exchange-traded fund that mostly invests in materials equity. The fund tracks an equity index of gold mining firms. Firms with higher revenue growth, lower debt to equity and higher free cash flow yield receive more weight. SGDM was launched on Jul 15, 2014 and is managed by Sprott.