Ade LLC Has $681,000 Position in Sprott Gold Miners ETF (NYSEARCA:SGDM)

Ade LLC decreased its position in shares of Sprott Gold Miners ETF (NYSEARCA:SGDM) by 3.3% during the 3rd quarter, Holdings Channel reports. The fund owned 21,982 shares of the company’s stock after selling 755 shares during the quarter. Ade LLC’s holdings in Sprott Gold Miners ETF were worth $681,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Cetera Investment Advisers lifted its holdings in Sprott Gold Miners ETF by 11.1% during the second quarter. Cetera Investment Advisers now owns 211,341 shares of the company’s stock worth $5,636,000 after acquiring an additional 21,192 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of Sprott Gold Miners ETF by 2.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 30,080 shares of the company’s stock valued at $802,000 after purchasing an additional 672 shares during the period. Pekin Hardy Strauss Inc. raised its holdings in Sprott Gold Miners ETF by 4.8% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 27,353 shares of the company’s stock worth $730,000 after buying an additional 1,255 shares during the period. FPC Investment Advisory Inc. bought a new position in Sprott Gold Miners ETF in the first quarter valued at approximately $235,000. Finally, Capital Wealth Alliance LLC acquired a new position in shares of Sprott Gold Miners ETF in the second quarter valued at approximately $205,000.

Sprott Gold Miners ETF Trading Down 1.5 %

Shares of SGDM stock traded down $0.48 during trading hours on Wednesday, hitting $32.12. 13,758 shares of the company were exchanged, compared to its average volume of 29,706. The company has a market capitalization of $289.40 million, a PE ratio of 24.90 and a beta of 0.70. The business has a 50 day moving average of $31.19 and a two-hundred day moving average of $28.97. Sprott Gold Miners ETF has a 52 week low of $20.72 and a 52 week high of $34.14.

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.