Sprott Gold Miners ETF (NYSEARCA:SGDM) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

Shares of Sprott Gold Miners ETF (NYSEARCA:SGDM) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $64.92 and traded as low as $63.93. Sprott Gold Miners ETF shares last traded at $64.45, with a volume of 40,506 shares traded.

Sprott Gold Miners ETF Stock Up 0.8%

The stock’s 50 day moving average is $64.84 and its 200-day moving average is $74.28. The company has a market cap of $615.78 million, a PE ratio of -1,128.12 and a beta of 0.53.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SGDM. Farther Finance Advisors LLC boosted its position 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 valued at $48,000 after buying an additional 185 shares during the period. Advisory Services Network LLC bought a new stake in Sprott Gold Miners ETF during the 3rd quarter valued at $52,000. Centaurus Financial Inc. bought a new position in Sprott Gold Miners ETF in the first quarter worth about $103,000. Empowered Funds LLC purchased a new stake in shares of Sprott Gold Miners ETF during the fourth quarter valued at about $122,000. Finally, MH & Associates Securities Management Corp ADV bought a new stake in shares of Sprott Gold Miners ETF in the 4th quarter valued at about $129,000.

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.