D.A. Davidson & CO. Purchases Shares of 26,613 Sprott Gold Miners ETF $SGDM

D.A. Davidson & CO. purchased a new stake in Sprott Gold Miners ETF (NYSEARCA:SGDM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 26,613 shares of the company’s stock, valued at approximately $1,650,000. D.A. Davidson & CO. owned 0.27% of Sprott Gold Miners ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Osaic Holdings Inc. grew its stake in Sprott Gold Miners ETF by 32.4% in the 2nd quarter. Osaic Holdings Inc. now owns 46,182 shares of the company’s stock valued at $2,090,000 after buying an additional 11,314 shares during the last quarter. Prospera Financial Services Inc bought a new stake in Sprott Gold Miners ETF during the second quarter valued at about $263,000. Blue Trust Inc. grew its position in shares of Sprott Gold Miners ETF by 381.3% in the second quarter. Blue Trust Inc. now owns 1,444 shares of the company’s stock valued at $65,000 after purchasing an additional 1,144 shares during the last quarter. AdvisorNet Financial Inc increased its stake in shares of Sprott Gold Miners ETF by 645.8% in the second quarter. AdvisorNet Financial Inc now owns 2,685 shares of the company’s stock worth $121,000 after purchasing an additional 2,325 shares during the period. Finally, New Harbor Financial Group LLC lifted its position in shares of Sprott Gold Miners ETF by 55.8% during the 2nd quarter. New Harbor Financial Group LLC now owns 64,228 shares of the company’s stock worth $2,906,000 after purchasing an additional 23,002 shares during the last quarter.

Sprott Gold Miners ETF Stock Up 1.3%

Shares of NYSEARCA:SGDM opened at $74.98 on Friday. The company has a market cap of $713.06 million, a price-to-earnings ratio of -1,215.67 and a beta of 0.44. The business has a 50 day moving average price of $66.97 and a 200 day moving average price of $58.05. Sprott Gold Miners ETF has a twelve month low of $28.34 and a twelve month high of $75.47.

Sprott Gold Miners ETF Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Monday, December 22nd. Stockholders of record on Thursday, December 18th were given a $0.727 dividend. This represents a dividend yield of 75.0%. The ex-dividend date of this dividend was Thursday, December 18th. Sprott Gold Miners ETF’s dividend payout ratio is currently -470.18%.

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.