Commonwealth Equity Services LLC grew its stake in Sprott Gold Miners ETF (NYSEARCA:SGDM – Get Rating) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,822 shares of the company’s stock after acquiring an additional 2,398 shares during the period. Commonwealth Equity Services LLC owned 0.41% of Sprott Gold Miners ETF worth $961,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of SGDM. Optimum Investment Advisors grew its position in shares of Sprott Gold Miners ETF by 22.2% during the 4th quarter. Optimum Investment Advisors now owns 5,500 shares of the company’s stock worth $136,000 after buying an additional 1,000 shares during the period. Raymond James & Associates acquired a new stake in shares of Sprott Gold Miners ETF during the 1st quarter worth approximately $209,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Sprott Gold Miners ETF during the 1st quarter worth approximately $244,000. Boenning & Scattergood Inc. acquired a new stake in shares of Sprott Gold Miners ETF during the 4th quarter worth approximately $286,000. Finally, Bank of Montreal Can acquired a new stake in shares of Sprott Gold Miners ETF during the 1st quarter worth approximately $364,000.
Sprott Gold Miners ETF Price Performance
Shares of NYSEARCA:SGDM opened at $27.71 on Tuesday. Sprott Gold Miners ETF has a one year low of $18.85 and a one year high of $31.40. The company has a 50 day moving average of $28.88 and a 200-day moving average of $26.46. The stock has a market cap of $269.30 million, a price-to-earnings ratio of 15.37 and a beta of 0.75.
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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