Sprott Gold Miners ETF (NYSEARCA:SGDM) Sets New 1-Year High – What’s Next?

Sprott Gold Miners ETF (NYSEARCA:SGDM) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $83.79 and last traded at $83.79, with a volume of 134322 shares. The stock had previously closed at $78.41.

Sprott Gold Miners ETF Stock Up 3.5%

The company has a market capitalization of $808.73 million, a P/E ratio of -1,378.77 and a beta of 0.44. The business’s 50-day moving average is $70.56 and its two-hundred day moving average is $60.14.

Sprott Gold Miners ETF Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Monday, December 22nd. Stockholders of record on Thursday, December 18th were issued a $0.727 dividend. The ex-dividend date of this dividend was Thursday, December 18th. This represents a dividend yield of 75.0%. Sprott Gold Miners ETF’s dividend payout ratio is currently -470.18%.

Institutional Trading of Sprott Gold Miners ETF

A number of hedge funds have recently bought and sold shares of SGDM. Osaic Holdings Inc. boosted its position in Sprott Gold Miners ETF by 32.4% during the second quarter. Osaic Holdings Inc. now owns 46,182 shares of the company’s stock worth $2,090,000 after purchasing an additional 11,314 shares during the period. Prospera Financial Services Inc bought a new stake in shares of Sprott Gold Miners ETF in the second quarter valued at approximately $263,000. AdvisorNet Financial Inc lifted its stake in shares of Sprott Gold Miners ETF by 645.8% during the 2nd quarter. AdvisorNet Financial Inc now owns 2,685 shares of the company’s stock valued at $121,000 after buying an additional 2,325 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Sprott Gold Miners ETF by 381.3% during the 2nd quarter. Blue Trust Inc. now owns 1,444 shares of the company’s stock valued at $65,000 after buying an additional 1,144 shares in the last quarter. Finally, New Harbor Financial Group LLC boosted its holdings in Sprott Gold Miners ETF by 55.8% in the 2nd quarter. New Harbor Financial Group LLC now owns 64,228 shares of the company’s stock worth $2,906,000 after buying an additional 23,002 shares during the period.

Sprott Gold Miners ETF Company 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.