Pekin Hardy Strauss Inc. Acquires 3,335 Shares of Sprott Gold Miners ETF (NYSEARCA:SGDM)

Pekin Hardy Strauss Inc. lifted its holdings in Sprott Gold Miners ETF (NYSEARCA:SGDM) by 12.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,688 shares of the company’s stock after purchasing an additional 3,335 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Sprott Gold Miners ETF were worth $951,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SGDM. Cetera Investment Advisers acquired a new position in Sprott Gold Miners ETF during the first quarter worth $4,818,000. CWA Asset Management Group LLC acquired a new position in Sprott Gold Miners ETF during the third quarter worth $285,000. Capital Wealth Alliance LLC acquired a new position in Sprott Gold Miners ETF during the second quarter worth $205,000. Hara Capital LLC acquired a new position in Sprott Gold Miners ETF during the third quarter worth $227,000. Finally, Cutter & CO Brokerage Inc. acquired a new position in Sprott Gold Miners ETF during the third quarter worth $218,000.

Sprott Gold Miners ETF Price Performance

NYSEARCA:SGDM opened at $30.30 on Monday. Sprott Gold Miners ETF has a one year low of $20.72 and a one year high of $34.14. The company has a market cap of $273.00 million, a P/E ratio of 24.90 and a beta of 0.70. The firm’s fifty day moving average price is $31.06 and its two-hundred day moving average price is $29.37.

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.