Raymond James Financial Services Advisors Inc. Sells 128,366 Shares of Sprott Gold Miners ETF (NYSEARCA:SGDM)

Raymond James Financial Services Advisors Inc. reduced its stake in shares of Sprott Gold Miners ETF (NYSEARCA:SGDM) by 87.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,054 shares of the company’s stock after selling 128,366 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Sprott Gold Miners ETF were worth $476,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Comerica Bank bought a new position in shares of Sprott Gold Miners ETF during the 3rd quarter valued at approximately $48,000. Raymond James & Associates bought a new position in Sprott Gold Miners ETF in the 1st quarter worth approximately $209,000. Stifel Financial Corp bought a new position in Sprott Gold Miners ETF in the 1st quarter worth approximately $209,000. Optimum Investment Advisors boosted its holdings in Sprott Gold Miners ETF by 8.1% in the 4th quarter. Optimum Investment Advisors now owns 8,700 shares of the company’s stock worth $217,000 after buying an additional 650 shares during the period. Finally, Citadel Advisors LLC bought a new position in Sprott Gold Miners ETF in the 2nd quarter worth approximately $235,000.

Sprott Gold Miners ETF Trading Up 1.2 %

SGDM opened at $26.84 on Friday. The company has a 50 day moving average of $23.95 and a 200 day moving average of $23.91. The company has a market cap of $241.83 million, a PE ratio of 24.40 and a beta of 0.73. Sprott Gold Miners ETF has a 12 month low of $20.72 and a 12 month high of $31.40.

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.