Sprott Gold Miners ETF (NYSEARCA:SGDM – Get Free Report) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $68.70 and traded as low as $61.41. Sprott Gold Miners ETF shares last traded at $61.41, with a volume of 46,366 shares traded.
Sprott Gold Miners ETF Trading Down 3.5%
The stock has a market capitalization of $523.48 million, a P/E ratio of -959.01 and a beta of 0.53. The stock’s fifty day moving average price is $68.11 and its two-hundred day moving average price is $75.43.
Institutional Trading of Sprott Gold Miners ETF
Several hedge funds have recently added to or reduced their stakes in the business. Asset One Wealth Management LLC purchased a new position in shares of Sprott Gold Miners ETF in the fourth quarter worth about $17,836,000. Royal Bank of Canada boosted its holdings in Sprott Gold Miners ETF by 91.5% during the 4th quarter. Royal Bank of Canada now owns 85,704 shares of the company’s stock valued at $5,967,000 after acquiring an additional 40,947 shares during the period. Stifel Financial Corp grew its position in Sprott Gold Miners ETF by 266.3% during the 4th quarter. Stifel Financial Corp now owns 53,610 shares of the company’s stock worth $3,733,000 after acquiring an additional 38,973 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in Sprott Gold Miners ETF during the 4th quarter worth approximately $2,372,000. Finally, D.A. Davidson & CO. increased its stake in Sprott Gold Miners ETF by 90.6% in the 4th quarter. D.A. Davidson & CO. now owns 50,735 shares of the company’s stock worth $3,533,000 after purchasing an additional 24,122 shares during the period.
About Sprott Gold Miners ETF
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.
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