Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) Trading 0.6% Higher – Time to Buy?

Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG)’s share price rose 0.6% during mid-day trading on Thursday . The stock traded as high as $36.04 and last traded at $35.32. Approximately 44,559 shares were traded during trading, a decline of 24% from the average daily volume of 58,576 shares. The stock had previously closed at $35.11.

Sprott Active Gold & Silver Miners ETF Stock Performance

The company has a market capitalization of $113.02 million, a P/E ratio of 21.39 and a beta of 4.80. The stock has a 50 day moving average price of $36.06 and a 200 day moving average price of $29.29.

Institutional Trading of Sprott Active Gold & Silver Miners ETF

Several hedge funds have recently added to or reduced their stakes in GBUG. Wealthcare Advisory Partners LLC bought a new position in shares of Sprott Active Gold & Silver Miners ETF during the 3rd quarter valued at approximately $405,000. PNC Financial Services Group Inc. bought a new stake in shares of Sprott Active Gold & Silver Miners ETF in the 3rd quarter worth approximately $112,000. Johnson Investment Counsel Inc. purchased a new position in Sprott Active Gold & Silver Miners ETF in the third quarter valued at approximately $250,000. Beaumont Financial Advisors LLC bought a new position in Sprott Active Gold & Silver Miners ETF during the third quarter valued at $863,000. Finally, Brookwood Investment Group LLC purchased a new stake in Sprott Active Gold & Silver Miners ETF in the third quarter worth $2,446,000.

About Sprott Active Gold & Silver Miners ETF

The Sprott Active Gold & Silver Miners ETF (GBUG) is an exchange-traded fund that is based on the Barclays Gold 3 Month index. The fund tracks the Barclays Gold 3 Month Index Total Return by rolling specified gold futures contracts.