Sprott Gold Miners ETF (NYSEARCA:SGDM) Shares Sold by Sprott Inc.

Sprott Inc. trimmed its stake in Sprott Gold Miners ETF (NYSEARCA:SGDM) by 46.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 96,275 shares of the company’s stock after selling 84,158 shares during the period. Sprott Inc.’s holdings in Sprott Gold Miners ETF were worth $2,673,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. MML Investors Services LLC purchased a new stake in shares of Sprott Gold Miners ETF in the third quarter valued at $214,000. Cutter & CO Brokerage Inc. acquired a new position in Sprott Gold Miners ETF during the third quarter valued at $218,000. Hara Capital LLC acquired a new stake in Sprott Gold Miners ETF during the 3rd quarter worth about $227,000. Stifel Financial Corp acquired a new stake in Sprott Gold Miners ETF during the 3rd quarter worth about $246,000. Finally, CWA Asset Management Group LLC purchased a new position in Sprott Gold Miners ETF during the 3rd quarter valued at about $285,000.

Sprott Gold Miners ETF Price Performance

NYSEARCA SGDM opened at $33.02 on Wednesday. The company has a 50 day simple moving average of $30.44 and a 200-day simple moving average of $30.51. Sprott Gold Miners ETF has a 52-week low of $20.74 and a 52-week high of $34.57. The firm has a market capitalization of $285.62 million, a price-to-earnings ratio of 25.99 and a beta of 0.92.

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.