Kestra Advisory Services LLC Raises Position in Sprott Gold Miners ETF $SGDM

Kestra Advisory Services LLC grew its holdings in shares of Sprott Gold Miners ETF (NYSEARCA:SGDM) by 112.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,021 shares of the company’s stock after acquiring an additional 12,200 shares during the period. Kestra Advisory Services LLC owned about 0.25% of Sprott Gold Miners ETF worth $1,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Asset One Wealth Management LLC bought a new position in Sprott Gold Miners ETF in the 4th quarter worth $17,836,000. Royal Bank of Canada grew its holdings in Sprott Gold Miners ETF by 91.5% during the fourth quarter. Royal Bank of Canada now owns 85,704 shares of the company’s stock valued at $5,967,000 after purchasing an additional 40,947 shares during the period. Stifel Financial Corp increased its position in Sprott Gold Miners ETF by 266.3% in the fourth quarter. Stifel Financial Corp now owns 53,610 shares of the company’s stock worth $3,733,000 after buying an additional 38,973 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of Sprott Gold Miners ETF in the fourth quarter worth about $2,372,000. Finally, D.A. Davidson & CO. raised its stake in shares of Sprott Gold Miners ETF by 90.6% in the fourth quarter. D.A. Davidson & CO. now owns 50,735 shares of the company’s stock worth $3,533,000 after buying an additional 24,122 shares during the period.

Sprott Gold Miners ETF Price Performance

Shares of NYSEARCA SGDM opened at $58.83 on Tuesday. Sprott Gold Miners ETF has a 1-year low of $44.12 and a 1-year high of $96.50. The business’s 50 day moving average is $67.32 and its two-hundred day moving average is $75.27. The stock has a market capitalization of $520.65 million, a P/E ratio of -953.82 and a beta of 0.53.

Sprott Gold Miners ETF 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.