Sprott Gold Miners ETF (NYSEARCA:SGDM) Stock Price Crosses Above Fifty Day Moving Average of $29.88

Sprott Gold Miners ETF (NYSEARCA:SGDM) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $29.88 and traded as high as $32.59. Sprott Gold Miners ETF shares last traded at $32.36, with a volume of 26,823 shares.

Sprott Gold Miners ETF Stock Down 3.2 %

The company has a market cap of $282.28 million, a price-to-earnings ratio of 24.90 and a beta of 0.70. The business has a 50-day simple moving average of $29.92 and a two-hundred day simple moving average of $27.89.

Institutional Investors Weigh In On Sprott Gold Miners ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC raised its position in shares of Sprott Gold Miners ETF by 2.3% during the second quarter. Commonwealth Equity Services LLC now owns 30,080 shares of the company’s stock valued at $802,000 after buying an additional 672 shares during the last quarter. Optimum Investment Advisors increased its position in shares of Sprott Gold Miners ETF by 12.7% during the second quarter. Optimum Investment Advisors now owns 7,100 shares of the company’s stock valued at $189,000 after purchasing an additional 800 shares during the period. National Bank of Canada FI raised its stake in shares of Sprott Gold Miners ETF by 17.5% in the second quarter. National Bank of Canada FI now owns 5,390 shares of the company’s stock valued at $143,000 after purchasing an additional 803 shares in the last quarter. Pekin Hardy Strauss Inc. lifted its position in Sprott Gold Miners ETF by 4.8% in the second quarter. Pekin Hardy Strauss Inc. now owns 27,353 shares of the company’s stock worth $730,000 after purchasing an additional 1,255 shares during the period. Finally, YHB Investment Advisors Inc. bought a new position in Sprott Gold Miners ETF in the first quarter worth $59,000.

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.