Ade LLC Cuts Stock Position in Sprott Gold Miners ETF (NYSEARCA:SGDM)

Ade LLC lessened its holdings in shares of Sprott Gold Miners ETF (NYSEARCA:SGDM) by 2.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,737 shares of the company’s stock after selling 642 shares during the period. Ade LLC owned approximately 0.25% of Sprott Gold Miners ETF worth $576,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SGDM. Geneos Wealth Management Inc. grew its holdings in Sprott Gold Miners ETF by 10.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 5,700 shares of the company’s stock valued at $142,000 after purchasing an additional 530 shares during the last quarter. Optimum Investment Advisors boosted its stake in shares of Sprott Gold Miners ETF by 8.1% during the fourth quarter. Optimum Investment Advisors now owns 8,700 shares of the company’s stock valued at $217,000 after acquiring an additional 650 shares during the last quarter. ORG Partners LLC purchased a new position in Sprott Gold Miners ETF during the fourth quarter worth about $57,000. HC Advisors LLC lifted its position in Sprott Gold Miners ETF by 19.7% during the fourth quarter. HC Advisors LLC now owns 41,294 shares of the company’s stock worth $1,032,000 after buying an additional 6,810 shares during the period. Finally, Creekmur Asset Management LLC purchased a new position in Sprott Gold Miners ETF during the fourth quarter worth about $215,000.

Sprott Gold Miners ETF Stock Performance

NYSEARCA SGDM traded down $0.17 during trading hours on Friday, hitting $26.67. 9,254 shares of the company’s stock were exchanged, compared to its average volume of 32,915. The business’s 50 day moving average is $27.12 and its 200-day moving average is $25.03. Sprott Gold Miners ETF has a 12-month low of $20.72 and a 12-month high of $29.46. The firm has a market capitalization of $240.30 million, a P/E ratio of 24.90 and a beta of 0.70.

Sprott Gold Miners ETF 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.