Sprott Gold Miners ETF (NYSEARCA:SGDM) Share Price Passes Below 50-Day Moving Average of $27.08

Shares of Sprott Gold Miners ETF (NYSEARCA:SGDMGet Free Report) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $27.08 and traded as low as $27.07. Sprott Gold Miners ETF shares last traded at $28.00, with a volume of 33,876 shares trading hands.

Sprott Gold Miners ETF Trading Up 3.7 %

The business’s 50 day simple moving average is $27.08 and its 200 day simple moving average is $24.81. The firm has a market capitalization of $252.25 million, a PE ratio of 24.90 and a beta of 0.70.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers bought a new stake in shares of Sprott Gold Miners ETF in the 1st quarter valued at approximately $4,818,000. New Harbor Financial Group LLC bought a new stake in Sprott Gold Miners ETF in the fourth quarter worth $1,357,000. Raymond James & Associates lifted its position in Sprott Gold Miners ETF by 191.8% in the fourth quarter. Raymond James & Associates now owns 34,155 shares of the company’s stock worth $853,000 after buying an additional 22,450 shares during the last quarter. FPC Investment Advisory Inc. purchased a new position in Sprott Gold Miners ETF during the first quarter worth $235,000. Finally, Creekmur Asset Management LLC bought a new position in Sprott Gold Miners ETF during the fourth quarter valued at $215,000.

Sprott Gold Miners ETF Company Profile

(Get Free Report)

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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