New Harbor Financial Group LLC Sells 11,079 Shares of Sprott Gold Miners ETF $SGDM

New Harbor Financial Group LLC lowered its holdings in Sprott Gold Miners ETF (NYSEARCA:SGDM) by 17.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,149 shares of the company’s stock after selling 11,079 shares during the period. Sprott Gold Miners ETF makes up 0.7% of New Harbor Financial Group LLC’s investment portfolio, making the stock its 18th largest position. New Harbor Financial Group LLC owned about 0.56% of Sprott Gold Miners ETF worth $3,295,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC increased its position in shares of Sprott Gold Miners ETF by 467.4% in the third quarter. Farther Finance Advisors LLC now owns 505 shares of the company’s stock worth $31,000 after purchasing an additional 416 shares during the last quarter. Blue Trust Inc. grew its stake in Sprott Gold Miners ETF by 381.3% in the 2nd quarter. Blue Trust Inc. now owns 1,444 shares of the company’s stock worth $65,000 after buying an additional 1,144 shares in the last quarter. Premier Financial Group bought a new position in shares of Sprott Gold Miners ETF in the 3rd quarter worth $123,000. AlphaStar Capital Management LLC bought a new position in shares of Sprott Gold Miners ETF in the 2nd quarter worth $214,000. Finally, Perigon Wealth Management LLC purchased a new stake in shares of Sprott Gold Miners ETF during the 3rd quarter valued at $216,000.

Sprott Gold Miners ETF Stock Performance

NYSEARCA SGDM opened at $84.78 on Friday. The company has a market capitalization of $812.19 million, a P/E ratio of -1,374.56 and a beta of 0.44. The company has a fifty day moving average of $76.38 and a 200-day moving average of $64.44. Sprott Gold Miners ETF has a 52-week low of $31.80 and a 52-week high of $92.72.

Sprott Gold Miners ETF Announces Dividend

The business also recently declared an annual dividend, which was paid on Monday, December 22nd. Shareholders of record on Thursday, December 18th were issued a $0.727 dividend. The ex-dividend date of this dividend was Thursday, December 18th. This represents a yield of 75.0%. Sprott Gold Miners ETF’s payout ratio is presently -470.18%.

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.