Avantax Advisory Services Inc. Purchases Shares of 24,728 Sprott Gold Miners ETF (NYSEARCA:SGDM)

Avantax Advisory Services Inc. acquired a new position in shares of Sprott Gold Miners ETF (NYSEARCA:SGDM) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 24,728 shares of the company’s stock, valued at approximately $938,000. Avantax Advisory Services Inc. owned about 0.28% of Sprott Gold Miners ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. FWL Investment Management LLC purchased a new stake in Sprott Gold Miners ETF during the 4th quarter worth $28,000. Montis Financial LLC purchased a new stake in Sprott Gold Miners ETF during the 1st quarter worth $228,000. Private Advisor Group LLC purchased a new stake in Sprott Gold Miners ETF during the 1st quarter worth $231,000. Beirne Wealth Consulting Services LLC purchased a new stake in Sprott Gold Miners ETF during the 1st quarter worth $266,000. Finally, Envestnet Asset Management Inc. purchased a new stake in Sprott Gold Miners ETF during the 4th quarter worth $323,000.

Sprott Gold Miners ETF Price Performance

Shares of Sprott Gold Miners ETF stock opened at $45.12 on Friday. The company has a market capitalization of $415.56 million, a PE ratio of -731.54 and a beta of 0.75. Sprott Gold Miners ETF has a 1-year low of $26.16 and a 1-year high of $47.07. The business has a 50-day moving average of $45.03 and a 200-day moving average of $39.45.

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.