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

Sprott Gold Miners ETF (NYSEARCA:SGDM) hit a new 52-week high during trading on Wednesday . The stock traded as high as $92.77 and last traded at $92.7220, with a volume of 33107 shares trading hands. The stock had previously closed at $91.15.

Sprott Gold Miners ETF Trading Up 0.7%

The firm has a market capitalization of $878.97 million, a PE ratio of -1,487.58 and a beta of 0.44. The firm’s fifty day moving average price is $78.85 and its 200 day moving average price is $66.48.

Sprott Gold Miners ETF Dividend Announcement

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

Hedge Funds Weigh In On Sprott Gold Miners ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Sprott Gold Miners ETF in the fourth quarter worth about $2,372,000. EP Wealth Advisors LLC acquired a new position in Sprott Gold Miners ETF in the fourth quarter valued at approximately $262,000. NewEdge Advisors LLC boosted its position in Sprott Gold Miners ETF by 37.0% in the 4th quarter. NewEdge Advisors LLC now owns 9,895 shares of the company’s stock worth $689,000 after purchasing an additional 2,671 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Sprott Gold Miners ETF during the 4th quarter worth approximately $122,000. Finally, Asset One Wealth Management LLC purchased a new position in shares of Sprott Gold Miners ETF during the 4th quarter valued at approximately $17,836,000.

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.