Sprott Gold Miners ETF (NYSEARCA:SGDM) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers grew its position in shares of Sprott Gold Miners ETF (NYSEARCA:SGDM) by 1.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 213,805 shares of the company’s stock after purchasing an additional 2,832 shares during the quarter. Cetera Investment Advisers’ holdings in Sprott Gold Miners ETF were worth $5,935,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. LPL Financial LLC boosted its stake in shares of Sprott Gold Miners ETF by 12.1% during the 4th quarter. LPL Financial LLC now owns 89,907 shares of the company’s stock worth $2,496,000 after purchasing an additional 9,723 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Sprott Gold Miners ETF during the 4th quarter worth about $1,908,000. Wells Fargo & Company MN lifted its holdings in shares of Sprott Gold Miners ETF by 6.3% during the 4th quarter. Wells Fargo & Company MN now owns 51,735 shares of the company’s stock worth $1,436,000 after acquiring an additional 3,066 shares during the period. HC Advisors LLC lifted its holdings in shares of Sprott Gold Miners ETF by 5.3% during the 4th quarter. HC Advisors LLC now owns 47,815 shares of the company’s stock worth $1,327,000 after acquiring an additional 2,411 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Sprott Gold Miners ETF by 5.0% during the 4th quarter. Ameriprise Financial Inc. now owns 44,019 shares of the company’s stock worth $1,222,000 after acquiring an additional 2,107 shares during the period.

Sprott Gold Miners ETF Price Performance

Shares of SGDM stock opened at $39.40 on Wednesday. The firm has a market cap of $352.63 million, a P/E ratio of 20.35 and a beta of 0.46. Sprott Gold Miners ETF has a 1-year low of $25.78 and a 1-year high of $44.69. The firm’s 50-day simple moving average is $38.72 and its 200-day simple moving average is $33.35.

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.