Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) Stock Price Up 1.9% – Should You Buy?

Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) shot up 1.9% during trading on Tuesday. The stock traded as high as $91.11 and last traded at $90.03. Approximately 46,878 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 73,689 shares. The stock had previously closed at $88.35.

Sprott Junior Gold Miners ETF Stock Up 1.9%

The company has a market cap of $340.31 million, a P/E ratio of 16.26 and a beta of 1.05. The business has a 50-day moving average price of $91.67 and a two-hundred day moving average price of $87.64.

Institutional Trading of Sprott Junior Gold Miners ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. D.A. Davidson & CO. grew its position in shares of Sprott Junior Gold Miners ETF by 2.2% during the 1st quarter. D.A. Davidson & CO. now owns 31,753 shares of the company’s stock worth $2,733,000 after buying an additional 671 shares during the period. Wealthfront Advisers LLC lifted its holdings in Sprott Junior Gold Miners ETF by 34.2% in the first quarter. Wealthfront Advisers LLC now owns 12,397 shares of the company’s stock valued at $1,067,000 after buying an additional 3,159 shares during the period. Private Advisor Group LLC lifted its holdings in Sprott Junior Gold Miners ETF by 3.6% in the first quarter. Private Advisor Group LLC now owns 8,274 shares of the company’s stock valued at $712,000 after buying an additional 285 shares during the period. NewEdge Advisors LLC boosted its stake in Sprott Junior Gold Miners ETF by 57.7% in the first quarter. NewEdge Advisors LLC now owns 3,625 shares of the company’s stock valued at $312,000 after acquiring an additional 1,326 shares during the last quarter. Finally, Compass Financial Management LLC bought a new position in Sprott Junior Gold Miners ETF in the second quarter valued at approximately $265,000.

About Sprott Junior Gold Miners ETF

The Sprott Junior Gold Miners ETF (SGDJ) is an exchange-traded fund that mostly invests in materials equity. The fund tracks an equity index of small-cap gold mining firms. Stocks are weighted by price momentum for gold explorers and by revenue growth for gold developers. SGDJ was launched on Mar 31, 2015 and is managed by Sprott.