D.A. Davidson & CO. Acquires 49,473 Shares of Sprott Gold Miners ETF $SGDM

D.A. Davidson & CO. bought a new position in shares of Sprott Gold Miners ETF (NYSEARCA:SGDM) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 49,473 shares of the company’s stock, valued at approximately $3,665,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SGDM. Private Advisor Group LLC increased its stake in 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 worth $397,000 after acquiring an additional 137 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in shares of Sprott Gold Miners ETF by 3.3% in the 3rd quarter. AdvisorNet Financial Inc now owns 5,635 shares of the company’s stock valued at $394,000 after acquiring an additional 180 shares in the last quarter. Beaumont Financial Advisors LLC boosted its position in shares of Sprott Gold Miners ETF by 2.5% during the 1st quarter. Beaumont Financial Advisors LLC now owns 8,113 shares of the company’s stock valued at $612,000 after acquiring an additional 200 shares during the last quarter. VestGen Advisors LLC boosted its position in shares of Sprott Gold Miners ETF by 2.9% during the 3rd quarter. VestGen Advisors LLC now owns 14,539 shares of the company’s stock valued at $1,077,000 after acquiring an additional 410 shares during the last quarter. Finally, Centaurus Financial Inc. bought a new stake in shares of Sprott Gold Miners ETF during the 1st quarter valued at about $103,000.

Sprott Gold Miners ETF Stock Performance

Shares of NYSEARCA SGDM opened at $64.86 on Monday. Sprott Gold Miners ETF has a 12 month low of $55.96 and a 12 month high of $96.50. The firm has a market capitalization of $566.88 million, a price-to-earnings ratio of -1,051.59 and a beta of 0.56. The business has a 50-day moving average of $76.82 and a 200-day moving average of $75.10.

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.