Sprott Gold Miners ETF (NYSEARCA:SGDM) Stock Price Up 9.3% – What’s Next?

Sprott Gold Miners ETF (NYSEARCA:SGDM) rose 9.3% on Tuesday . The company traded as high as $72.60 and last traded at $72.60. Approximately 3,733 shares were traded during trading, a decline of 95% from the average daily volume of 77,638 shares. The stock had previously closed at $66.44.

Sprott Gold Miners ETF Price Performance

The stock has a 50 day simple moving average of $74.05 and a two-hundred day simple moving average of $76.30. The company has a market cap of $641.42 million, a price-to-earnings ratio of -1,136.55 and a beta of 0.49.

Hedge Funds Weigh In On Sprott Gold Miners ETF

Several large investors have recently modified their holdings of the business. Private Advisor Group LLC lifted its stake in shares of Sprott Gold Miners ETF by 2.7% in the 1st quarter. Private Advisor Group LLC now owns 5,263 shares of the company’s stock valued at $397,000 after purchasing an additional 137 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Sprott Gold Miners ETF by 36.6% in the 4th quarter. Farther Finance Advisors LLC now owns 690 shares of the company’s stock valued at $48,000 after purchasing an additional 185 shares during the last quarter. Beaumont Financial Advisors LLC lifted its stake in shares of Sprott Gold Miners ETF by 2.5% in the 1st quarter. Beaumont Financial Advisors LLC now owns 8,113 shares of the company’s stock valued at $612,000 after purchasing an additional 200 shares during the last quarter. Kestra Private Wealth Services LLC lifted its stake in shares of Sprott Gold Miners ETF by 6.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 4,981 shares of the company’s stock valued at $347,000 after purchasing an additional 320 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its stake in shares of Sprott Gold Miners ETF by 1.5% in the 1st quarter. D.A. Davidson & CO. now owns 51,504 shares of the company’s stock valued at $3,888,000 after purchasing an additional 769 shares during the last quarter.

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.