Sprott Gold Miners ETF (NYSEARCA:SGDM) Sets New 12-Month High – Still a Buy?

Sprott Gold Miners ETF (NYSEARCA:SGDM)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $90.77 and last traded at $87.19, with a volume of 158123 shares trading hands. The stock had previously closed at $86.77.

Sprott Gold Miners ETF Trading Up 0.5%

The firm has a 50-day moving average of $71.55 and a two-hundred day moving average of $60.95. The firm has a market cap of $830.92 million, a price-to-earnings ratio of -1,413.63 and a beta of 0.44.

Sprott Gold Miners ETF Dividend Announcement

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

Hedge Funds Weigh In On Sprott Gold Miners ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. grew its position in Sprott Gold Miners ETF by 32.4% in the 2nd 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 last quarter. Prospera Financial Services Inc acquired a new position in shares of Sprott Gold Miners ETF during the second quarter valued at about $263,000. Blue Trust Inc. lifted its stake in shares of Sprott Gold Miners ETF by 381.3% in the second 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 during the period. New Harbor Financial Group LLC lifted its stake in shares of Sprott Gold Miners ETF by 55.8% in the second quarter. New Harbor Financial Group LLC now owns 64,228 shares of the company’s stock valued at $2,906,000 after buying an additional 23,002 shares during the period. Finally, D.A. Davidson & CO. acquired a new stake in Sprott Gold Miners ETF during the third quarter worth about $1,650,000.

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.