Sprott Gold Miners ETF (NYSEARCA:SGDM – Get Free Report) shares passed 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 traded.
Sprott Gold Miners ETF Stock Performance
The company has a market capitalization of $320.91 million, a P/E ratio of 20.34 and a beta of 0.90. The business has a fifty day moving average of $32.69 and a 200-day moving average of $31.05.
Institutional Investors Weigh In On Sprott Gold Miners ETF
A number of institutional investors and hedge funds have recently bought and sold shares of SGDM. FWL Investment Management LLC purchased a new stake in shares of Sprott Gold Miners ETF during the 4th quarter valued at $28,000. MML Investors Services LLC purchased a new stake in shares of Sprott Gold Miners ETF during the 3rd quarter valued at $214,000. Stifel Financial Corp purchased a new stake in shares of Sprott Gold Miners ETF during the 3rd quarter valued at $246,000. Optimum Investment Advisors grew its stake in shares of Sprott Gold Miners ETF by 25.4% during the 4th quarter. Optimum Investment Advisors now owns 8,900 shares of the company’s stock worth $247,000 after acquiring an additional 1,800 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in shares of Sprott Gold Miners ETF by 112.8% during the 4th quarter. Geneos Wealth Management Inc. now owns 10,000 shares of the company’s stock worth $278,000 after acquiring an additional 5,300 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.
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