Optimum Investment Advisors Decreases Holdings in Sprott Gold Miners ETF (NYSEARCA:SGDM)

Optimum Investment Advisors trimmed its position in shares of Sprott Gold Miners ETF (NYSEARCA:SGDM) by 27.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 6,300 shares of the company’s stock after selling 2,400 shares during the quarter. Optimum Investment Advisors’ holdings in Sprott Gold Miners ETF were worth $160,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Geneos Wealth Management Inc. raised its holdings in shares of Sprott Gold Miners ETF by 10.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 5,700 shares of the company’s stock valued at $142,000 after buying an additional 530 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Sprott Gold Miners ETF by 191.8% during the 4th quarter. Raymond James & Associates now owns 34,155 shares of the company’s stock valued at $853,000 after buying an additional 22,450 shares in the last quarter. HC Advisors LLC grew its position in Sprott Gold Miners ETF by 19.7% during the 4th quarter. HC Advisors LLC now owns 41,294 shares of the company’s stock worth $1,032,000 after acquiring an additional 6,810 shares during the last quarter. New Harbor Financial Group LLC bought a new position in Sprott Gold Miners ETF during the 4th quarter worth approximately $1,357,000. Finally, Creekmur Asset Management LLC bought a new position in Sprott Gold Miners ETF during the 4th quarter worth approximately $215,000.

Sprott Gold Miners ETF Price Performance

SGDM opened at $26.63 on Friday. The stock’s 50 day simple moving average is $27.10 and its 200 day simple moving average is $24.94. Sprott Gold Miners ETF has a 1 year low of $20.72 and a 1 year high of $29.46. The firm has a market cap of $239.94 million, a price-to-earnings ratio of 24.90 and a beta of 0.70.

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.