Sheaff Brock Investment Advisors LLC Trims Stake in NovaGold Resources Inc. (NG)

Sheaff Brock Investment Advisors LLC trimmed its stake in shares of NovaGold Resources Inc. (NYSEMKT:NG) (TSE:NG) by 1.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,300 shares of the mining company’s stock after selling 500 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in NovaGold Resources were worth $120,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of NG. Virtu Financial LLC acquired a new position in shares of NovaGold Resources during the 2nd quarter worth approximately $121,000. Legal & General Group Plc raised its position in shares of NovaGold Resources by 4.4% during the 2nd quarter. Legal & General Group Plc now owns 37,607 shares of the mining company’s stock worth $170,000 after purchasing an additional 1,584 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of NovaGold Resources during the 2nd quarter worth approximately $191,000. Karp Capital Management Corp acquired a new position in shares of NovaGold Resources during the 1st quarter worth approximately $266,000. Finally, Boston Partners acquired a new position in shares of NovaGold Resources during the 2nd quarter worth approximately $276,000.

Shares of NovaGold Resources Inc. (NYSEMKT NG) opened at 4.20 on Friday. The stock’s 50 day moving average is $4.27 and its 200 day moving average is $4.46. NovaGold Resources Inc. has a 52 week low of $3.78 and a 52 week high of $6.21. The stock’s market capitalization is $1.35 billion.

Several brokerages recently issued reports on NG. Zacks Investment Research upgraded NovaGold Resources from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. BidaskClub upgraded NovaGold Resources from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th.

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In other news, VP David A. Ottewell sold 43,224 shares of the stock in a transaction on Friday, July 21st. The shares were sold at an average price of $4.65, for a total transaction of $200,991.60. Following the transaction, the vice president now owns 788,540 shares in the company, valued at approximately $3,666,711. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP David Deisley sold 15,129 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $4.37, for a total transaction of $66,113.73. Following the transaction, the vice president now owns 813,521 shares in the company, valued at approximately $3,555,086.77. The disclosure for this sale can be found here. In the last quarter, insiders sold 109,154 shares of company stock valued at $494,124.

NovaGold Resources Profile

Novagold Resources Inc is a mineral exploration company. The Company is engaged in the exploration and development of mineral properties. The Company’s segments include the Donlin Gold project in Alaska, the United States and the Galore Creek project in British Columbia, Canada. The Company operates in the gold mining industry, primarily focused on advancing permitting of the Donlin Gold project in Alaska.

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Institutional Ownership by Quarter for NovaGold Resources (NYSEMKT:NG)

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