Sprott Gold Miners ETF (NYSEARCA:SGDM – Get Free Report)’s stock price gapped up before the market opened on Friday. The stock had previously closed at $69.96, but opened at $73.45. Sprott Gold Miners ETF shares last traded at $74.4210, with a volume of 618 shares traded.
Sprott Gold Miners ETF Price Performance
The firm has a 50-day moving average price of $78.32 and a two-hundred day moving average price of $72.95. The company has a market capitalization of $659.89 million, a price-to-earnings ratio of -1,222.75 and a beta of 0.56.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Asset One Wealth Management LLC bought a new stake in shares of Sprott Gold Miners ETF during the fourth quarter worth about $17,836,000. D.A. Davidson & CO. increased its holdings in Sprott Gold Miners ETF by 1.5% during the 1st quarter. D.A. Davidson & CO. now owns 51,504 shares of the company’s stock worth $3,888,000 after purchasing an additional 769 shares in the last quarter. Baird Financial Group Inc. increased its stake in Sprott Gold Miners ETF by 70.3% in the 2nd quarter. Baird Financial Group Inc. now owns 43,620 shares of the company’s stock valued at $2,742,000 after buying an additional 18,010 shares during the last quarter. Kestra Advisory Services LLC raised its stake in shares of Sprott Gold Miners ETF by 112.7% during the 1st quarter. Kestra Advisory Services LLC now owns 23,021 shares of the company’s stock worth $1,738,000 after purchasing an additional 12,200 shares during the period. Finally, 180 Wealth Advisors LLC boosted its stake in Sprott Gold Miners ETF by 88.3% in the second quarter. 180 Wealth Advisors LLC now owns 15,316 shares of the company’s stock valued at $963,000 after acquiring an additional 7,182 shares during the last quarter.
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.
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