Barometer Capital Management Inc. Purchases Shares of 8,700 Sprott Gold Miners ETF $SGDM

Barometer Capital Management Inc. purchased a new stake in shares of Sprott Gold Miners ETF (NYSEARCA:SGDM) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 8,700 shares of the company’s stock, valued at approximately $657,000. Barometer Capital Management Inc. owned about 0.10% of Sprott Gold Miners ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC grew its position in Sprott Gold Miners ETF by 36.6% in the fourth quarter. Farther Finance Advisors LLC now owns 690 shares of the company’s stock worth $48,000 after acquiring an additional 185 shares in the last quarter. Advisory Services Network LLC bought a new position in Sprott Gold Miners ETF during the 3rd quarter worth approximately $52,000. Empowered Funds LLC purchased a new position in Sprott Gold Miners ETF in the 4th quarter worth approximately $122,000. MH & Associates Securities Management Corp ADV purchased a new position in Sprott Gold Miners ETF in the 4th quarter worth approximately $129,000. Finally, CIBC Private Wealth Group LLC increased its stake in shares of Sprott Gold Miners ETF by 132.9% in the third quarter. CIBC Private Wealth Group LLC now owns 2,278 shares of the company’s stock worth $141,000 after buying an additional 1,300 shares during the period.

Sprott Gold Miners ETF Trading Up 4.7%

Shares of NYSEARCA:SGDM opened at $61.60 on Wednesday. The company has a 50-day moving average price of $66.95 and a 200-day moving average price of $75.21. The company has a market cap of $545.16 million, a price-to-earnings ratio of -998.74 and a beta of 0.53. Sprott Gold Miners ETF has a 12 month low of $44.12 and a 12 month high of $96.50.

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.