Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) Trading Up 5.2% – Here’s What Happened

Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) rose 5.2% during trading on Monday . The stock traded as high as $77.65 and last traded at $77.37. Approximately 56,938 shares changed hands during mid-day trading, an increase of 40% from the average daily volume of 40,714 shares. The stock had previously closed at $73.58.

Sprott Junior Gold Miners ETF Price Performance

The firm has a market capitalization of $288.59 million, a P/E ratio of 16.26 and a beta of 0.90. The firm’s 50 day moving average is $73.02 and its two-hundred day moving average is $59.28.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Triumph Capital Management bought a new stake in Sprott Junior Gold Miners ETF in the second quarter valued at approximately $290,000. Wealthfront Advisers LLC boosted its stake in shares of Sprott Junior Gold Miners ETF by 29.4% during the 2nd quarter. Wealthfront Advisers LLC now owns 7,766 shares of the company’s stock worth $386,000 after acquiring an additional 1,764 shares during the period. Raymond James Financial Inc. increased its holdings in shares of Sprott Junior Gold Miners ETF by 14.5% during the 2nd quarter. Raymond James Financial Inc. now owns 20,657 shares of the company’s stock worth $1,027,000 after acquiring an additional 2,609 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Sprott Junior Gold Miners ETF during the 2nd quarter worth approximately $648,000. Finally, Bank of America Corp DE raised its stake in Sprott Junior Gold Miners ETF by 199.1% in the 2nd quarter. Bank of America Corp DE now owns 14,893 shares of the company’s stock valued at $740,000 after acquiring an additional 9,913 shares during the period.

Sprott Junior Gold Miners ETF Company Profile

The Sprott Junior Gold Miners ETF (SGDJ) is an exchange-traded fund that mostly invests in materials equity. The fund tracks an equity index of small-cap gold mining firms. Stocks are weighted by price momentum for gold explorers and by revenue growth for gold developers. SGDJ was launched on Mar 31, 2015 and is managed by Sprott.