Sprott Gold Miners ETF (NYSEARCA:SGDM) Stock Price Down 6.6% – Should You Sell?

Sprott Gold Miners ETF (NYSEARCA:SGDM) dropped 6.6% during trading on Monday . The stock traded as low as $70.17 and last traded at $69.5650. 18,681 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 62,156 shares. The stock had previously closed at $74.47.

Sprott Gold Miners ETF Stock Performance

The company’s 50 day moving average is $64.49 and its 200 day moving average is $56.32. The stock has a market capitalization of $671.84 million, a price-to-earnings ratio of -1,140.44 and a beta of 0.44.

Sprott Gold Miners ETF Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Monday, December 22nd. Stockholders of record on Thursday, December 18th were paid a $0.727 dividend. The ex-dividend date was Thursday, December 18th. This represents a dividend yield of 75.0%. Sprott Gold Miners ETF’s dividend payout ratio is currently -470.18%.

Institutional Trading of Sprott Gold Miners ETF

Institutional investors have recently made changes to their positions in the business. CIBC Private Wealth Group LLC lifted its stake in Sprott Gold Miners ETF by 132.9% during the third quarter. CIBC Private Wealth Group LLC now owns 2,278 shares of the company’s stock worth $141,000 after purchasing an additional 1,300 shares during the period. Sunbelt Securities Inc. raised its holdings in shares of Sprott Gold Miners ETF by 88.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 4,762 shares of the company’s stock worth $295,000 after buying an additional 2,237 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Sprott Gold Miners ETF during the 3rd quarter worth approximately $52,000. NewEdge Advisors LLC acquired a new stake in Sprott Gold Miners ETF in the 3rd quarter valued at $448,000. Finally, United Capital Financial Advisors LLC acquired a new stake in Sprott Gold Miners ETF in the 3rd quarter valued at $1,341,000.

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.