Sprott Gold Miners ETF (NYSEARCA:SGDM) to Issue $0.73 Annual Dividend

Sprott Gold Miners ETF (NYSEARCA:SGDM) announced an annual dividend on Wednesday, December 17th. Investors of record on Thursday, December 18th will be given a dividend of 0.727 per share on Monday, December 22nd. This represents a dividend yield of 104.0%. The ex-dividend date is Thursday, December 18th.

Sprott Gold Miners ETF Trading Up 0.5%

NYSEARCA SGDM traded up $0.38 on Thursday, reaching $70.16. 4,438 shares of the company were exchanged, compared to its average volume of 62,609. The business’s fifty day moving average price is $63.34 and its 200 day moving average price is $54.89. The stock has a market capitalization of $669.99 million, a P/E ratio of -1,138.10 and a beta of 0.44. Sprott Gold Miners ETF has a fifty-two week low of $26.60 and a fifty-two week high of $72.05.

Institutional Investors Weigh In On Sprott Gold Miners ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Group AG boosted its holdings in Sprott Gold Miners ETF by 4.2% in the 3rd quarter. UBS Group AG now owns 339,233 shares of the company’s stock valued at $21,032,000 after purchasing an additional 13,743 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Sprott Gold Miners ETF by 10.7% during the 2nd quarter. Cetera Investment Advisers now owns 240,329 shares of the company’s stock valued at $10,872,000 after buying an additional 23,150 shares during the period. Raymond James Financial Inc. lifted its holdings in Sprott Gold Miners ETF by 25.5% in the third quarter. Raymond James Financial Inc. now owns 81,448 shares of the company’s stock valued at $5,050,000 after acquiring an additional 16,563 shares during the last quarter. New Harbor Financial Group LLC grew its position in Sprott Gold Miners ETF by 55.8% in the second quarter. New Harbor Financial Group LLC now owns 64,228 shares of the company’s stock worth $2,906,000 after acquiring an additional 23,002 shares during the period. Finally, HC Advisors LLC grew its position in Sprott Gold Miners ETF by 1.7% in the third quarter. HC Advisors LLC now owns 48,117 shares of the company’s stock worth $2,983,000 after acquiring an additional 811 shares during the period.

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.