Sprott Gold Miners ETF $SGDM Shares Bought by New Harbor Financial Group LLC

New Harbor Financial Group LLC grew its stake in shares of Sprott Gold Miners ETF (NYSEARCA:SGDM) by 57.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,614 shares of the company’s stock after purchasing an additional 17,433 shares during the quarter. Sprott Gold Miners ETF accounts for 0.5% of New Harbor Financial Group LLC’s investment portfolio, making the stock its 22nd biggest position. New Harbor Financial Group LLC owned 0.54% of Sprott Gold Miners ETF worth $3,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. AdvisorNet Financial Inc grew its stake in shares of Sprott Gold Miners ETF by 3.3% in the third quarter. AdvisorNet Financial Inc now owns 5,635 shares of the company’s stock valued at $394,000 after buying an additional 180 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in Sprott Gold Miners ETF by 70.3% in the 2nd quarter. Baird Financial Group Inc. now owns 43,620 shares of the company’s stock worth $2,742,000 after acquiring an additional 18,010 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in Sprott Gold Miners ETF by 36.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 7,819 shares of the company’s stock worth $493,000 after acquiring an additional 2,088 shares during the period. 180 Wealth Advisors LLC boosted its holdings in Sprott Gold Miners ETF by 88.3% in the 2nd quarter. 180 Wealth Advisors LLC now owns 15,316 shares of the company’s stock worth $963,000 after acquiring an additional 7,182 shares during the period. Finally, Centaurus Financial Inc. acquired a new stake in Sprott Gold Miners ETF in the first quarter valued at approximately $103,000.

Sprott Gold Miners ETF Trading Down 2.0%

NYSEARCA:SGDM traded down $1.35 during trading hours on Friday, hitting $67.38. The stock had a trading volume of 22,713 shares, compared to its average volume of 60,031. Sprott Gold Miners ETF has a 1-year low of $55.46 and a 1-year high of $96.50. The business has a 50 day simple moving average of $77.94 and a two-hundred day simple moving average of $72.77. The company has a market cap of $590.25 million, a PE ratio of -1,092.45 and a beta of 0.56.

Sprott Gold Miners ETF 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.