Private Advisor Group LLC Sells 1,048 Shares of Sprott Gold Miners ETF (NYSEARCA:SGDM)

Private Advisor Group LLC trimmed its position in shares of Sprott Gold Miners ETF (NYSEARCA:SGDM) by 7.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,475 shares of the company’s stock after selling 1,048 shares during the quarter. Private Advisor Group LLC owned approximately 0.15% of Sprott Gold Miners ETF worth $417,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in SGDM. Sunbelt Securities Inc. bought a new stake in Sprott Gold Miners ETF during the second quarter worth about $67,000. ORG Partners LLC acquired a new position in shares of Sprott Gold Miners ETF during the second quarter worth approximately $69,000. National Bank of Canada FI lifted its position in shares of Sprott Gold Miners ETF by 17.5% during the second quarter. National Bank of Canada FI now owns 5,390 shares of the company’s stock worth $143,000 after purchasing an additional 803 shares in the last quarter. Optimum Investment Advisors lifted its position in shares of Sprott Gold Miners ETF by 12.7% during the second quarter. Optimum Investment Advisors now owns 7,100 shares of the company’s stock worth $189,000 after purchasing an additional 800 shares in the last quarter. Finally, Capital Wealth Alliance LLC acquired a new position in shares of Sprott Gold Miners ETF during the second quarter worth approximately $205,000.

Sprott Gold Miners ETF Trading Up 0.5 %

Shares of SGDM stock opened at $31.04 on Wednesday. Sprott Gold Miners ETF has a 1 year low of $20.72 and a 1 year high of $34.14. The firm’s 50 day moving average is $31.23 and its 200-day moving average is $29.14. The firm has a market capitalization of $279.65 million, a price-to-earnings ratio of 24.90 and a beta of 0.70.

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.