CIBC Private Wealth Group LLC Sells 349 Shares of Sprott Gold Miners ETF (NYSEARCA:SGDM)

CIBC Private Wealth Group LLC decreased its holdings in Sprott Gold Miners ETF (NYSEARCA:SGDM) by 10.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,877 shares of the company’s stock after selling 349 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Sprott Gold Miners ETF were worth $84,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. MML Investors Services LLC bought a new position in shares of Sprott Gold Miners ETF in the third quarter valued at approximately $214,000. Stifel Financial Corp bought a new position in Sprott Gold Miners ETF during the 3rd quarter valued at $246,000. Optimum Investment Advisors boosted its holdings in Sprott Gold Miners ETF by 25.4% during the 4th quarter. Optimum Investment Advisors now owns 8,900 shares of the company’s stock worth $247,000 after acquiring an additional 1,800 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Sprott Gold Miners ETF by 112.8% in 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 in the last quarter. Finally, Fiduciary Family Office LLC purchased a new stake in shares of Sprott Gold Miners ETF in the fourth quarter valued at about $489,000.

Sprott Gold Miners ETF Price Performance

SGDM opened at $34.89 on Wednesday. Sprott Gold Miners ETF has a fifty-two week low of $25.28 and a fifty-two week high of $38.74. The firm has a market capitalization of $306.33 million, a P/E ratio of 22.49 and a beta of 0.90. The company’s 50-day moving average is $34.65 and its 200 day moving average is $31.68.

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.