Raymond James & Associates increased its stake in Sprott Gold Miners ETF (NYSEARCA:SGDM – Free Report) by 191.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,155 shares of the company’s stock after acquiring an additional 22,450 shares during the quarter. Raymond James & Associates owned about 0.36% of Sprott Gold Miners ETF worth $853,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. ADE LLC raised its position in shares of Sprott Gold Miners ETF by 2.1% in the 3rd quarter. ADE LLC now owns 24,979 shares of the company’s stock worth $571,000 after acquiring an additional 507 shares in the last quarter. Optimum Investment Advisors increased its holdings in Sprott Gold Miners ETF by 8.1% in the fourth quarter. Optimum Investment Advisors now owns 8,700 shares of the company’s stock worth $217,000 after purchasing an additional 650 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its stake in Sprott Gold Miners ETF by 43.6% in the third quarter. Stratos Wealth Partners LTD. now owns 25,229 shares of the company’s stock valued at $577,000 after buying an additional 7,666 shares during the period.
Sprott Gold Miners ETF Stock Down 4.0 %
Shares of NYSEARCA SGDM opened at $25.76 on Tuesday. The company’s fifty day simple moving average is $24.02 and its 200 day simple moving average is $23.96. Sprott Gold Miners ETF has a 12-month low of $20.72 and a 12-month high of $31.40. The firm has a market cap of $232.10 million, a PE ratio of 24.40 and a beta of 0.73.
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.
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