Kovack Advisors Inc. lowered its stake in shares of Sprott Gold Miners ETF (NYSEARCA:SGDM – Free Report) by 6.7% during the fourth quarter, HoldingsChannel reports. The fund owned 13,900 shares of the company’s stock after selling 1,000 shares during the quarter. Kovack Advisors Inc.’s holdings in Sprott Gold Miners ETF were worth $386,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently bought and sold shares of SGDM. MML Investors Services LLC bought a new stake in shares of Sprott Gold Miners ETF in the 3rd quarter worth approximately $214,000. Hara Capital LLC bought a new stake in Sprott Gold Miners ETF in the 3rd quarter valued at $227,000. Stifel Financial Corp acquired a new position in shares of Sprott Gold Miners ETF in the 3rd quarter valued at $246,000. Geneos Wealth Management Inc. lifted its holdings in shares of Sprott Gold Miners ETF by 112.8% during the 4th quarter. Geneos Wealth Management Inc. now owns 10,000 shares of the company’s stock worth $278,000 after acquiring an additional 5,300 shares during the period. Finally, CWA Asset Management Group LLC acquired a new stake in shares of Sprott Gold Miners ETF during the 3rd quarter valued at about $285,000.
Sprott Gold Miners ETF Stock Up 0.5 %
NYSEARCA SGDM opened at $32.65 on Friday. The company’s 50-day simple moving average is $30.73 and its 200 day simple moving average is $30.59. The stock has a market cap of $282.42 million, a P/E ratio of 25.99 and a beta of 0.92. Sprott Gold Miners ETF has a twelve month low of $21.15 and a twelve month high of $34.57.
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.
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Want to see what other hedge funds are holding SGDM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprott Gold Miners ETF (NYSEARCA:SGDM – Free Report).
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