Sprott Gold Miners ETF (NYSEARCA:SGDM – Get Free Report)’s stock price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $74.84 and traded as high as $78.33. Sprott Gold Miners ETF shares last traded at $77.85, with a volume of 36,763 shares.
Sprott Gold Miners ETF Price Performance
The company has a 50-day simple moving average of $74.79 and a 200-day simple moving average of $74.71. The stock has a market cap of $625.45 million, a PE ratio of -1,169.62 and a beta of 0.57.
Hedge Funds Weigh In On Sprott Gold Miners ETF
Institutional investors and hedge funds have recently made changes to their positions in the stock. D.A. Davidson & CO. acquired a new stake in shares of Sprott Gold Miners ETF in the third quarter valued at about $3,665,000. Kestra Advisory Services LLC boosted its holdings in Sprott Gold Miners ETF by 112.7% during the first quarter. Kestra Advisory Services LLC now owns 23,021 shares of the company’s stock worth $1,738,000 after buying an additional 12,200 shares in the last quarter. Barometer Capital Management Inc. acquired a new position in Sprott Gold Miners ETF during the first quarter worth about $657,000. Baird Financial Group Inc. grew its position in Sprott Gold Miners ETF by 70.3% during the second quarter. Baird Financial Group Inc. now owns 43,620 shares of the company’s stock worth $2,742,000 after buying an additional 18,010 shares during the period. Finally, New Harbor Financial Group LLC grew its position in Sprott Gold Miners ETF by 57.8% during the third quarter. New Harbor Financial Group LLC now owns 47,614 shares of the company’s stock worth $3,527,000 after buying an additional 17,433 shares during the period.
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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