Sprott Gold Miners ETF (NYSEARCA:SGDM – Get Free Report)’s stock price gapped down prior to trading on Friday. The stock had previously closed at $73.24, but opened at $68.34. Sprott Gold Miners ETF shares last traded at $68.15, with a volume of 1,605 shares changing hands.
Sprott Gold Miners ETF Stock Down 1.1%
The firm has a fifty day moving average of $78.09 and a 200-day moving average of $72.81. The firm has a market cap of $595.57 million, a P/E ratio of -1,102.29 and a beta of 0.56.
Institutional Investors Weigh In On Sprott Gold Miners ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Baird Financial Group Inc. increased its holdings in Sprott Gold Miners ETF by 70.3% during the second quarter. Baird Financial Group Inc. now owns 43,620 shares of the company’s stock worth $2,742,000 after buying an additional 18,010 shares during the last quarter. New Harbor Financial Group LLC raised its position in Sprott Gold Miners ETF by 57.8% during the third quarter. New Harbor Financial Group LLC now owns 47,614 shares of the company’s stock worth $3,527,000 after acquiring an additional 17,433 shares in the last quarter. Kestra Advisory Services LLC raised its position in Sprott Gold Miners ETF by 112.7% during the first quarter. Kestra Advisory Services LLC now owns 23,021 shares of the company’s stock worth $1,738,000 after acquiring an additional 12,200 shares in the last quarter. Barometer Capital Management Inc. acquired a new stake in Sprott Gold Miners ETF in the first quarter valued at $657,000. Finally, Gateway Wealth Partners LLC acquired a new stake in Sprott Gold Miners ETF in the first quarter valued at $552,000.
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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