Commonwealth Equity Services LLC reduced its stake in shares of Sprott Gold Miners ETF (NYSEARCA:SGDM – Free Report) by 7.0% during the 4th quarter, HoldingsChannel reports. The fund owned 29,370 shares of the company’s stock after selling 2,202 shares during the period. Commonwealth Equity Services LLC’s holdings in Sprott Gold Miners ETF were worth $815,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Stifel Financial Corp purchased a new position in Sprott Gold Miners ETF in the third quarter valued at about $246,000. MML Investors Services LLC acquired a new stake in shares of Sprott Gold Miners ETF during the 3rd quarter valued at about $214,000. CWA Asset Management Group LLC lifted its holdings in shares of Sprott Gold Miners ETF by 125.0% during the 4th quarter. CWA Asset Management Group LLC now owns 20,700 shares of the company’s stock valued at $575,000 after buying an additional 11,502 shares during the last quarter. Fiduciary Family Office LLC bought a new stake in shares of Sprott Gold Miners ETF in the 4th quarter valued at approximately $489,000. Finally, Geneos Wealth Management Inc. increased its holdings in Sprott Gold Miners ETF by 112.8% in the fourth quarter. Geneos Wealth Management Inc. now owns 10,000 shares of the company’s stock worth $278,000 after buying an additional 5,300 shares during the last quarter.
Sprott Gold Miners ETF Stock Performance
Shares of SGDM opened at $38.00 on Thursday. The firm has a market cap of $333.64 million, a PE ratio of 22.49 and a beta of 0.90. Sprott Gold Miners ETF has a twelve month low of $25.28 and a twelve month high of $38.60. The firm’s 50 day moving average price is $34.12 and its 200 day moving average price is $31.53.
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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