Sprott Gold Miners ETF (NYSEARCA:SGDM) Shares Sold by Sprott Inc.

Sprott Inc. cut its holdings in Sprott Gold Miners ETF (NYSEARCA:SGDM) by 46.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,275 shares of the company’s stock after selling 84,158 shares during the quarter. Sprott Inc. owned approximately 1.07% of Sprott Gold Miners ETF worth $2,673,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Stifel Financial Corp purchased a new position in Sprott Gold Miners ETF in the 3rd quarter valued at about $246,000. MML Investors Services LLC purchased a new position in shares of Sprott Gold Miners ETF during the third quarter valued at approximately $214,000. Captrust Financial Advisors boosted its position in Sprott Gold Miners ETF by 2.4% during the third quarter. Captrust Financial Advisors now owns 202,659 shares of the company’s stock worth $6,278,000 after acquiring an additional 4,824 shares during the last quarter. Cutter & CO Brokerage Inc. purchased a new stake in Sprott Gold Miners ETF in the 3rd quarter worth approximately $218,000. Finally, Hara Capital LLC purchased a new stake in Sprott Gold Miners ETF in the 3rd quarter worth approximately $227,000.

Sprott Gold Miners ETF Stock Down 1.3 %

Shares of Sprott Gold Miners ETF stock opened at $33.02 on Wednesday. Sprott Gold Miners ETF has a fifty-two week low of $20.74 and a fifty-two week high of $34.57. The business’s fifty day moving average is $30.44 and its two-hundred day moving average is $30.51. The firm has a market cap of $285.62 million, a PE ratio of 25.99 and a beta of 0.92.

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.