Sprott Gold Miners ETF (NYSEARCA:SGDM – Get Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $32.53 and traded as high as $37.21. Sprott Gold Miners ETF shares last traded at $37.17, with a volume of 50,396 shares.
Sprott Gold Miners ETF Trading Down 1.2 %
The company has a market capitalization of $320.91 million, a P/E ratio of 20.34 and a beta of 0.90. The firm’s 50 day moving average price is $32.69 and its two-hundred day moving average price is $31.05.
Institutional Investors Weigh In On Sprott Gold Miners ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the company. FWL Investment Management LLC acquired a new position in Sprott Gold Miners ETF in the fourth quarter valued at about $28,000. Optimum Investment Advisors increased its stake in shares of Sprott Gold Miners ETF by 25.4% in the fourth quarter. Optimum Investment Advisors now owns 8,900 shares of the company’s stock valued at $247,000 after buying an additional 1,800 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Sprott Gold Miners ETF by 5.0% in the fourth quarter. Ameriprise Financial Inc. now owns 44,019 shares of the company’s stock valued at $1,222,000 after buying an additional 2,107 shares during the period. HC Advisors LLC increased its stake in shares of Sprott Gold Miners ETF by 5.3% in the fourth quarter. HC Advisors LLC now owns 47,815 shares of the company’s stock valued at $1,327,000 after buying an additional 2,411 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in Sprott Gold Miners ETF by 1.3% in the fourth quarter. Cetera Investment Advisers now owns 213,805 shares of the company’s stock valued at $5,935,000 after acquiring an additional 2,832 shares during the last quarter.
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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