Stonehage Fleming Financial Services Holdings Ltd Acquires 735 Shares of Sprott Gold Miners ETF $SGDM

Stonehage Fleming Financial Services Holdings Ltd boosted its holdings in Sprott Gold Miners ETF (NYSEARCA:SGDM) by 47.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,292 shares of the company’s stock after purchasing an additional 735 shares during the quarter. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Sprott Gold Miners ETF were worth $104,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. PFG Investments LLC increased its holdings in Sprott Gold Miners ETF by 1.3% in the second quarter. PFG Investments LLC now owns 19,425 shares of the company’s stock worth $879,000 after purchasing an additional 255 shares in the last quarter. HC Advisors LLC increased its holdings in Sprott Gold Miners ETF by 0.7% in the first quarter. HC Advisors LLC now owns 48,140 shares of the company’s stock worth $1,826,000 after purchasing an additional 325 shares in the last quarter. Capital Wealth Alliance LLC increased its holdings in Sprott Gold Miners ETF by 6.5% in the first quarter. Capital Wealth Alliance LLC now owns 8,228 shares of the company’s stock worth $312,000 after purchasing an additional 500 shares in the last quarter. Optimum Investment Advisors increased its holdings in Sprott Gold Miners ETF by 11.2% in the first quarter. Optimum Investment Advisors now owns 9,900 shares of the company’s stock worth $376,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Sprott Gold Miners ETF by 381.3% in the second quarter. Blue Trust Inc. now owns 1,444 shares of the company’s stock worth $65,000 after purchasing an additional 1,144 shares in the last quarter.

Sprott Gold Miners ETF Stock Performance

Shares of SGDM stock opened at $61.51 on Friday. The company has a market cap of $600.34 million, a P/E ratio of -997.28 and a beta of 0.75. The stock has a 50 day simple moving average of $55.33 and a two-hundred day simple moving average of $47.10. Sprott Gold Miners ETF has a fifty-two week low of $26.60 and a fifty-two week high of $64.49.

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.