Sprott Gold Miners ETF (NYSEARCA:SGDM – Get Free Report) was up 9.3% during mid-day trading on Tuesday . The stock traded as high as $72.60 and last traded at $72.60. Approximately 3,733 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 77,638 shares. The stock had previously closed at $66.44.
Sprott Gold Miners ETF Stock Performance
The company has a market capitalization of $657.34 million, a price-to-earnings ratio of -1,164.76 and a beta of 0.49. The firm’s 50-day simple moving average is $74.34 and its 200-day simple moving average is $76.24.
Institutional Investors Weigh In On Sprott Gold Miners ETF
A number of institutional investors have recently added to or reduced their stakes in SGDM. Clifford Swan Investment Counsel LLC acquired a new stake in shares of Sprott Gold Miners ETF during the 3rd quarter valued at about $684,000. D.A. Davidson & CO. boosted its position in shares of Sprott Gold Miners ETF by 90.6% during the 4th quarter. D.A. Davidson & CO. now owns 50,735 shares of the company’s stock valued at $3,533,000 after acquiring an additional 24,122 shares in the last quarter. Bayshore Capital Advisors LLC acquired a new stake in shares of Sprott Gold Miners ETF during the 4th quarter valued at about $696,000. Sprott Inc. boosted its position in shares of Sprott Gold Miners ETF by 68.2% during the 3rd quarter. Sprott Inc. now owns 39,420 shares of the company’s stock valued at $2,444,000 after acquiring an additional 15,990 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Sprott Gold Miners ETF during the 3rd quarter valued at about $231,000.
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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