Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) Trading 1.5% Higher – Here’s What Happened

Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) shares rose 1.5% during mid-day trading on Wednesday . The stock traded as high as $37.43 and last traded at $37.11. Approximately 4,079 shares changed hands during trading, a decline of 82% from the average daily volume of 23,087 shares. The stock had previously closed at $36.55.

Sprott Junior Gold Miners ETF Trading Up 1.5 %

The stock has a 50 day simple moving average of $38.12 and a 200 day simple moving average of $35.17. The firm has a market capitalization of $132.47 million, a PE ratio of 13.84 and a beta of 1.14.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Sunbelt Securities Inc. purchased a new stake in Sprott Junior Gold Miners ETF during the 2nd quarter valued at $45,000. Larson Financial Group LLC raised its stake in shares of Sprott Junior Gold Miners ETF by 1,937.3% during the third quarter. Larson Financial Group LLC now owns 3,769 shares of the company’s stock valued at $139,000 after acquiring an additional 3,584 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Sprott Junior Gold Miners ETF during the third quarter worth about $415,000. Stansberry Asset Management LLC grew its stake in shares of Sprott Junior Gold Miners ETF by 17.2% in the third quarter. Stansberry Asset Management LLC now owns 11,250 shares of the company’s stock worth $416,000 after purchasing an additional 1,655 shares during the last quarter. Finally, One Plus One Wealth Management LLC increased its holdings in Sprott Junior Gold Miners ETF by 2.3% during the 3rd quarter. One Plus One Wealth Management LLC now owns 324,536 shares of the company’s stock valued at $11,998,000 after purchasing an additional 7,164 shares during the period.

About Sprott Junior Gold Miners ETF

The Sprott Junior Gold Miners ETF (SGDJ) is an exchange-traded fund that mostly invests in materials equity. The fund tracks an equity index of small-cap gold mining firms. Stocks are weighted by price momentum for gold explorers and by revenue growth for gold developers. SGDJ was launched on Mar 31, 2015 and is managed by Sprott.