Sprott Gold Miners ETF (NYSEARCA:SGDM) Shares Gap Down – Here’s What Happened

Sprott Gold Miners ETF (NYSEARCA:SGDM)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $73.21, but opened at $67.05. Sprott Gold Miners ETF shares last traded at $67.92, with a volume of 52,122 shares traded.

Sprott Gold Miners ETF Price Performance

The firm’s 50 day moving average price is $83.22 and its 200 day moving average price is $70.28. The stock has a market capitalization of $655.94 million, a P/E ratio of -1,110.12 and a beta of 0.44.

Institutional Trading of Sprott Gold Miners ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its position in Sprott Gold Miners ETF by 467.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 505 shares of the company’s stock valued at $31,000 after purchasing an additional 416 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Sprott Gold Miners ETF in the 3rd quarter worth about $52,000. Empowered Funds LLC bought a new stake in shares of Sprott Gold Miners ETF during the 4th quarter valued at about $122,000. MH & Associates Securities Management Corp ADV bought a new stake in shares of Sprott Gold Miners ETF during the 4th quarter valued at about $129,000. Finally, Premier Financial Group purchased a new position in shares of Sprott Gold Miners ETF during the third quarter valued at about $123,000.

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.