Geneos Wealth Management Inc. Sells 5,300 Shares of Sprott Gold Miners ETF $SGDM

Geneos Wealth Management Inc. cut its holdings in shares of Sprott Gold Miners ETF (NYSEARCA:SGDM) by 53.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,700 shares of the company’s stock after selling 5,300 shares during the quarter. Geneos Wealth Management Inc. owned approximately 0.05% of Sprott Gold Miners ETF worth $178,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Montis Financial LLC bought a new stake in Sprott Gold Miners ETF during the 1st quarter worth about $228,000. Private Advisor Group LLC acquired a new position in shares of Sprott Gold Miners ETF during the 1st quarter worth about $231,000. Beirne Wealth Consulting Services LLC acquired a new position in shares of Sprott Gold Miners ETF during the 1st quarter worth about $266,000. Capital Wealth Alliance LLC increased its stake in shares of Sprott Gold Miners ETF by 6.5% during the 1st quarter. Capital Wealth Alliance LLC now owns 8,228 shares of the company’s stock worth $312,000 after purchasing an additional 500 shares during the last quarter. Finally, Compound Planning Inc. acquired a new position in shares of Sprott Gold Miners ETF during the 1st quarter worth about $349,000.

Sprott Gold Miners ETF Price Performance

Sprott Gold Miners ETF stock opened at $56.82 on Wednesday. The firm has a market capitalization of $523.31 million, a PE ratio of -921.24 and a beta of 0.75. The company’s 50-day moving average is $49.68 and its 200-day moving average is $43.90. Sprott Gold Miners ETF has a fifty-two week low of $26.60 and a fifty-two week high of $58.56.

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.