Sprott Gold Miners ETF (NYSEARCA:SGDM) Sets New 1-Year High – Here’s What Happened

Sprott Gold Miners ETF (NYSEARCA:SGDM) shares hit a new 52-week high on Wednesday . The stock traded as high as $83.79 and last traded at $83.79, with a volume of 134322 shares. The stock had previously closed at $78.41.

Sprott Gold Miners ETF Price Performance

The firm has a market capitalization of $796.84 million, a PE ratio of -1,358.51 and a beta of 0.44. The company’s fifty day simple moving average is $69.78 and its 200 day simple moving average is $59.81.

Sprott Gold Miners ETF Announces Dividend

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

Institutional Investors Weigh In On Sprott Gold Miners ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Beaumont Financial Advisors LLC boosted its holdings in shares of Sprott Gold Miners ETF by 3.4% in the fourth quarter. Beaumont Financial Advisors LLC now owns 7,913 shares of the company’s stock worth $551,000 after acquiring an additional 261 shares during the period. Evanson Asset Management LLC purchased a new stake in Sprott Gold Miners ETF during the 4th quarter worth about $215,000. 180 Wealth Advisors LLC bought a new position in Sprott Gold Miners ETF in the 4th quarter worth about $303,000. CIBC Private Wealth Group LLC grew its holdings in 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 buying an additional 1,300 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its position in shares of Sprott Gold Miners ETF by 88.6% during the third quarter. Sunbelt Securities Inc. now owns 4,762 shares of the company’s stock valued at $295,000 after buying an additional 2,237 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.