Sprott Gold Miners ETF (NYSEARCA:SGDM) Sets New 52-Week High – Should You Buy?

Sprott Gold Miners ETF (NYSEARCA:SGDM)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $74.79 and last traded at $74.8280, with a volume of 3348 shares changing hands. The stock had previously closed at $74.00.

Sprott Gold Miners ETF Price Performance

The firm’s 50 day simple moving average is $66.64 and its two-hundred day simple moving average is $57.76. The firm has a market capitalization of $715.53 million, a P/E ratio of -1,218.83 and a beta of 0.44.

Sprott Gold Miners ETF Dividend Announcement

The business also recently declared an annual dividend, which was paid on Monday, December 22nd. Investors of record on Thursday, December 18th were given a dividend of $0.727 per share. This represents a yield of 75.0%. The ex-dividend date was Thursday, December 18th. Sprott Gold Miners ETF’s dividend payout ratio (DPR) is presently -470.18%.

Institutional Investors Weigh In On Sprott Gold Miners ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PFG Investments LLC increased its position in shares of Sprott Gold Miners ETF by 1.3% in the second quarter. PFG Investments LLC now owns 19,425 shares of the company’s stock valued at $879,000 after acquiring an additional 255 shares during the period. Farther Finance Advisors LLC lifted its holdings in Sprott Gold Miners ETF by 467.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 505 shares of the company’s stock worth $31,000 after buying an additional 416 shares during the period. Private Advisor Group LLC grew its position in shares of Sprott Gold Miners ETF by 7.7% in the 3rd quarter. Private Advisor Group LLC now owns 6,157 shares of the company’s stock worth $382,000 after buying an additional 441 shares during the last quarter. Kiker Wealth Management LLC increased its stake in shares of Sprott Gold Miners ETF by 391.5% during the second quarter. Kiker Wealth Management LLC now owns 580 shares of the company’s stock valued at $26,000 after buying an additional 462 shares during the period. Finally, Stonehage Fleming Financial Services Holdings Ltd increased its stake in shares of Sprott Gold Miners ETF by 47.2% during the second quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 2,292 shares of the company’s stock valued at $104,000 after buying an additional 735 shares during the period.

Sprott Gold Miners ETF Company 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.