Private Advisor Group LLC decreased its holdings in Sprott Gold Miners ETF (NYSEARCA:SGDM – Free Report) by 7.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 13,475 shares of the company’s stock after selling 1,048 shares during the period. Private Advisor Group LLC’s holdings in Sprott Gold Miners ETF were worth $417,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. National Bank of Canada FI increased its holdings in Sprott Gold Miners ETF by 17.5% in the 2nd quarter. National Bank of Canada FI now owns 5,390 shares of the company’s stock valued at $143,000 after buying an additional 803 shares during the period. Commonwealth Equity Services LLC increased its holdings in Sprott Gold Miners ETF by 2.3% in the 2nd 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 period. Sunbelt Securities Inc. bought a new position in Sprott Gold Miners ETF in the 2nd quarter valued at about $67,000. ORG Partners LLC bought a new position in Sprott Gold Miners ETF in the 2nd quarter valued at about $69,000. Finally, Cetera Investment Advisers bought a new position in Sprott Gold Miners ETF in the 1st quarter valued at about $4,818,000.
Sprott Gold Miners ETF Stock Up 0.5 %
SGDM stock opened at $31.04 on Wednesday. Sprott Gold Miners ETF has a 12 month low of $20.72 and a 12 month high of $34.14. The firm has a market cap of $279.65 million, a P/E ratio of 24.90 and a beta of 0.70. The company’s 50-day moving average price is $31.23 and its two-hundred day moving average price is $29.14.
Sprott Gold Miners ETF 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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