Sprott Gold Miners ETF (NYSEARCA:SGDM) Hits New 1-Year High – What’s Next?

Sprott Gold Miners ETF (NYSEARCA:SGDM) shares hit a new 52-week high on Monday . The stock traded as high as $58.40 and last traded at $57.65, with a volume of 51914 shares changing hands. The stock had previously closed at $57.95.

Sprott Gold Miners ETF Price Performance

The company has a market cap of $537.27 million, a P/E ratio of -945.43 and a beta of 0.75. The company’s 50-day moving average is $49.19 and its two-hundred day moving average is $43.63.

Institutional Trading of Sprott Gold Miners ETF

A number of large investors have recently made changes to their positions in the stock. Kiker Wealth Management LLC lifted its holdings in shares of Sprott Gold Miners ETF by 391.5% during the 2nd quarter. Kiker Wealth Management LLC now owns 580 shares of the company’s stock valued at $26,000 after buying an additional 462 shares during the period. Hilltop National Bank bought a new position in Sprott Gold Miners ETF in the second quarter valued at about $57,000. Blue Trust Inc. boosted its position in Sprott Gold Miners ETF by 381.3% in the second quarter. Blue Trust Inc. now owns 1,444 shares of the company’s stock worth $65,000 after purchasing an additional 1,144 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd grew its stake in shares of Sprott Gold Miners ETF by 47.2% during the 2nd quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 2,292 shares of the company’s stock valued at $104,000 after purchasing an additional 735 shares during the period. Finally, AdvisorNet Financial Inc increased its position in shares of Sprott Gold Miners ETF by 645.8% during the 2nd quarter. AdvisorNet Financial Inc now owns 2,685 shares of the company’s stock valued at $121,000 after purchasing an additional 2,325 shares during the last quarter.

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.