ORG Partners LLC Acquires Shares of 2,300 Sprott Gold Miners ETF (NYSEARCA:SGDM)

ORG Partners LLC acquired a new stake in shares of Sprott Gold Miners ETF (NYSEARCA:SGDM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,300 shares of the company’s stock, valued at approximately $57,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Raymond James & Associates bought a new position in shares of Sprott Gold Miners ETF in the 1st quarter valued at about $209,000. Raymond James Financial Services Advisors Inc. lifted its stake in Sprott Gold Miners ETF by 4.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 24,764 shares of the company’s stock worth $817,000 after purchasing an additional 1,100 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in Sprott Gold Miners ETF in the first quarter worth about $244,000. Bank of Montreal Can bought a new stake in Sprott Gold Miners ETF in the first quarter worth about $364,000. Finally, NewEdge Advisors LLC lifted its stake in Sprott Gold Miners ETF by 105.5% in the first quarter. NewEdge Advisors LLC now owns 79,739 shares of the company’s stock worth $2,631,000 after purchasing an additional 40,939 shares during the last quarter.

Sprott Gold Miners ETF Price Performance

Shares of NYSEARCA SGDM opened at $26.35 on Tuesday. The company has a market cap of $237.41 million, a P/E ratio of 24.40 and a beta of 0.73. Sprott Gold Miners ETF has a 1 year low of $20.72 and a 1 year high of $31.40. The firm has a 50-day simple moving average of $23.55 and a two-hundred day simple moving average of $23.79.

About Sprott Gold Miners ETF

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.