Sprott Gold Miners ETF (NYSEARCA:SGDM) Share Price Passes Below Fifty Day Moving Average – Should You Sell?

Shares of Sprott Gold Miners ETF (NYSEARCA:SGDM) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $75.16 and traded as low as $69.00. Sprott Gold Miners ETF shares last traded at $71.80, with a volume of 25,470 shares traded.

Sprott Gold Miners ETF Price Performance

The company has a market cap of $680.76 million, a price-to-earnings ratio of -1,206.26 and a beta of 0.49. The firm’s 50 day simple moving average is $75.18 and its 200-day simple moving average is $75.74.

Hedge Funds Weigh In On Sprott Gold Miners ETF

Several large investors have recently bought and sold shares of SGDM. Private Advisor Group LLC boosted its stake in shares of Sprott Gold Miners ETF by 2.7% during the first quarter. Private Advisor Group LLC now owns 5,263 shares of the company’s stock worth $397,000 after buying an additional 137 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Sprott Gold Miners ETF by 36.6% during the fourth quarter. Farther Finance Advisors LLC now owns 690 shares of the company’s stock worth $48,000 after buying an additional 185 shares during the period. Beaumont Financial Advisors LLC boosted its stake in shares of Sprott Gold Miners ETF by 2.5% during the first quarter. Beaumont Financial Advisors LLC now owns 8,113 shares of the company’s stock worth $612,000 after buying an additional 200 shares during the period. Kestra Private Wealth Services LLC boosted its stake in shares of Sprott Gold Miners ETF by 6.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 4,981 shares of the company’s stock worth $347,000 after buying an additional 320 shares during the period. Finally, D.A. Davidson & CO. boosted its stake in shares of Sprott Gold Miners ETF by 1.5% during the first quarter. D.A. Davidson & CO. now owns 51,504 shares of the company’s stock worth $3,888,000 after buying an additional 769 shares during the period.

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.