Cutter & CO Brokerage Inc. Sells 869 Shares of Sprott Gold Miners ETF (NYSEARCA:SGDM)

Cutter & CO Brokerage Inc. trimmed its position in shares of Sprott Gold Miners ETF (NYSEARCA:SGDM) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,136 shares of the company’s stock after selling 869 shares during the period. Cutter & CO Brokerage Inc. owned 0.13% of Sprott Gold Miners ETF worth $303,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New Harbor Financial Group LLC bought a new position in shares of Sprott Gold Miners ETF in the fourth quarter valued at about $1,357,000. HC Advisors LLC grew its position in shares of Sprott Gold Miners ETF by 19.7% in the fourth quarter. HC Advisors LLC now owns 41,294 shares of the company’s stock valued at $1,032,000 after purchasing an additional 6,810 shares during the last quarter. Raymond James & Associates increased its stake in shares of Sprott Gold Miners ETF by 191.8% during the fourth quarter. Raymond James & Associates now owns 34,155 shares of the company’s stock worth $853,000 after purchasing an additional 22,450 shares during the period. Stratos Wealth Partners LTD. lifted its holdings in Sprott Gold Miners ETF by 43.6% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 25,229 shares of the company’s stock worth $577,000 after purchasing an additional 7,666 shares during the last quarter. Finally, ADE LLC grew its holdings in Sprott Gold Miners ETF by 2.1% in the 3rd quarter. ADE LLC now owns 24,979 shares of the company’s stock valued at $571,000 after buying an additional 507 shares in the last quarter.

Sprott Gold Miners ETF Price Performance

SGDM remained flat at $26.20 on Wednesday. The company’s stock had a trading volume of 11,116 shares, compared to its average volume of 33,823. The firm’s fifty day moving average price is $24.13 and its 200-day moving average price is $23.99. Sprott Gold Miners ETF has a fifty-two week low of $20.72 and a fifty-two week high of $31.40. The stock has a market cap of $236.06 million, a P/E ratio of 24.40 and a beta of 0.73.

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.