Shares of Sprott Gold Miners ETF (NYSEARCA:SGDM – Get Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $65.04 and traded as high as $77.00. Sprott Gold Miners ETF shares last traded at $75.45, with a volume of 82,803 shares trading hands.
Sprott Gold Miners ETF Stock Performance
The business’s fifty day moving average price is $65.04 and its two-hundred day moving average price is $74.07. The stock has a market capitalization of $667.73 million, a P/E ratio of -1,223.29 and a beta of 0.53.
Institutional Investors Weigh In On Sprott Gold Miners ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its stake in shares of Sprott Gold Miners ETF by 36.6% in the 4th quarter. Farther Finance Advisors LLC now owns 690 shares of the company’s stock valued at $48,000 after purchasing an additional 185 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Sprott Gold Miners ETF in the 3rd quarter worth approximately $52,000. Centaurus Financial Inc. bought a new position in shares of Sprott Gold Miners ETF during the 1st quarter valued at approximately $103,000. Empowered Funds LLC bought a new position in shares of Sprott Gold Miners ETF during the 4th quarter valued at approximately $122,000. Finally, CIBC Private Wealth Group LLC increased its position in shares of Sprott Gold Miners ETF by 132.9% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,278 shares of the company’s stock valued at $141,000 after purchasing an additional 1,300 shares during the last quarter.
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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