Convergence Financial LLC Acquires New Stake in Sprott Junior Gold Miners ETF $SGDJ

Convergence Financial LLC bought a new stake in Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,789 shares of the company’s stock, valued at approximately $954,000. Convergence Financial LLC owned 0.29% of Sprott Junior Gold Miners ETF at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SGDJ. D.A. Davidson & CO. boosted its stake in Sprott Junior Gold Miners ETF by 2.2% during the 1st quarter. D.A. Davidson & CO. now owns 31,753 shares of the company’s stock worth $2,733,000 after purchasing an additional 671 shares during the period. Wealthfront Advisers LLC increased its stake in Sprott Junior Gold Miners ETF by 34.2% in the first quarter. Wealthfront Advisers LLC now owns 12,397 shares of the company’s stock valued at $1,067,000 after purchasing an additional 3,159 shares during the period. Holcombe Financial Inc. increased its stake in Sprott Junior Gold Miners ETF by 2.6% in the third quarter. Holcombe Financial Inc. now owns 11,340 shares of the company’s stock valued at $1,003,000 after purchasing an additional 292 shares during the period. Private Advisor Group LLC increased its stake in Sprott Junior Gold Miners ETF by 3.6% in the first quarter. Private Advisor Group LLC now owns 8,274 shares of the company’s stock valued at $712,000 after purchasing an additional 285 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in shares of Sprott Junior Gold Miners ETF by 57.7% in the first quarter. NewEdge Advisors LLC now owns 3,625 shares of the company’s stock valued at $312,000 after buying an additional 1,326 shares during the last quarter.

Sprott Junior Gold Miners ETF Stock Performance

Shares of SGDJ opened at $80.37 on Thursday. Sprott Junior Gold Miners ETF has a fifty-two week low of $67.68 and a fifty-two week high of $115.78. The company has a market capitalization of $303.80 million, a price-to-earnings ratio of 16.26 and a beta of 1.03. The firm has a 50-day simple moving average of $91.48 and a 200-day simple moving average of $90.15.

Sprott Junior Gold Miners ETF Profile

The Sprott Junior Gold Miners ETF (SGDJ) is an exchange-traded fund that mostly invests in materials equity. The fund tracks an equity index of small-cap gold mining firms. Stocks are weighted by price momentum for gold explorers and by revenue growth for gold developers. SGDJ was launched on Mar 31, 2015 and is managed by Sprott.