Sprott Gold Miners ETF (NYSEARCA:SGDM) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Sprott Gold Miners ETF (NYSEARCA:SGDM)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $75.36 and traded as low as $65.47. Sprott Gold Miners ETF shares last traded at $65.89, with a volume of 91,340 shares traded.

Sprott Gold Miners ETF Trading Down 8.2%

The firm’s 50 day simple moving average is $75.36 and its 200-day simple moving average is $76.01. The stock has a market capitalization of $602.89 million, a price-to-earnings ratio of -1,068.29 and a beta of 0.49.

Institutional Investors Weigh In On Sprott Gold Miners ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC increased its stake in Sprott Gold Miners ETF by 2.7% in the 1st quarter. Private Advisor Group LLC now owns 5,263 shares of the company’s stock valued at $397,000 after buying an additional 137 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Sprott Gold Miners ETF by 36.6% in the 4th quarter. Farther Finance Advisors LLC now owns 690 shares of the company’s stock valued at $48,000 after buying an additional 185 shares during the last quarter. Beaumont Financial Advisors LLC increased its stake in Sprott Gold Miners ETF by 2.5% in the 1st quarter. Beaumont Financial Advisors LLC now owns 8,113 shares of the company’s stock valued at $612,000 after buying an additional 200 shares during the last quarter. Kestra Private Wealth Services LLC increased its stake in Sprott Gold Miners ETF by 6.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 4,981 shares of the company’s stock valued at $347,000 after buying an additional 320 shares during the last quarter. Finally, D.A. Davidson & CO. increased its stake in Sprott Gold Miners ETF by 1.5% in the 1st quarter. D.A. Davidson & CO. now owns 51,504 shares of the company’s stock valued at $3,888,000 after buying an additional 769 shares during the last quarter.

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.