Raymond James Financial Services Advisors Inc. Sells 128,366 Shares of Sprott Gold Miners ETF (NYSEARCA:SGDM)

Raymond James Financial Services Advisors Inc. decreased its stake in Sprott Gold Miners ETF (NYSEARCA:SGDM) by 87.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,054 shares of the company’s stock after selling 128,366 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.20% of Sprott Gold Miners ETF worth $476,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Stratos Wealth Partners LTD. grew its holdings in shares of Sprott Gold Miners ETF by 43.6% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 25,229 shares of the company’s stock valued at $577,000 after acquiring an additional 7,666 shares in the last quarter. Optimum Investment Advisors grew its holdings in shares of Sprott Gold Miners ETF by 8.1% in the 4th quarter. Optimum Investment Advisors now owns 8,700 shares of the company’s stock valued at $217,000 after acquiring an additional 650 shares in the last quarter. ADE LLC grew its holdings in shares of Sprott Gold Miners ETF by 2.1% in the 3rd quarter. ADE LLC now owns 24,979 shares of the company’s stock valued at $571,000 after acquiring an additional 507 shares in the last quarter. Jane Street Group LLC bought a new position in Sprott Gold Miners ETF during the first quarter worth about $481,000. Finally, Advisory Services Network LLC grew its holdings in Sprott Gold Miners ETF by 3.1% during the first quarter. Advisory Services Network LLC now owns 13,984 shares of the company’s stock worth $395,000 after purchasing an additional 420 shares during the period.

Sprott Gold Miners ETF Stock Performance

Sprott Gold Miners ETF stock opened at $26.84 on Friday. Sprott Gold Miners ETF has a 52 week low of $20.72 and a 52 week high of $31.40. The stock has a market capitalization of $241.83 million, a P/E ratio of 24.40 and a beta of 0.73. The stock has a 50-day simple moving average of $23.95 and a 200 day simple moving average of $23.91.

Sprott Gold Miners ETF 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.