Barometer Capital Management Inc. Decreases Stake in Sprott Gold Miners ETF $SGDM

Barometer Capital Management Inc. lessened its holdings in Sprott Gold Miners ETF (NYSEARCA:SGDM) by 49.7% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,500 shares of the company’s stock after selling 7,400 shares during the period. Barometer Capital Management Inc. owned approximately 0.08% of Sprott Gold Miners ETF worth $465,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC grew its position in Sprott Gold Miners ETF by 467.4% during the third quarter. Farther Finance Advisors LLC now owns 505 shares of the company’s stock valued at $31,000 after buying an additional 416 shares during the period. Premier Financial Group bought a new stake in Sprott Gold Miners ETF in the third quarter worth about $123,000. Dempze Nancy E bought a new stake in Sprott Gold Miners ETF in the third quarter worth about $202,000. Perigon Wealth Management LLC purchased a new position in Sprott Gold Miners ETF in the third quarter valued at about $216,000. Finally, Blair William & Co. IL bought a new stake in shares of Sprott Gold Miners ETF in the 3rd quarter worth approximately $217,000.

Sprott Gold Miners ETF Price Performance

Shares of NYSEARCA SGDM opened at $84.09 on Thursday. The business’s fifty day moving average price is $82.56 and its 200-day moving average price is $69.37. Sprott Gold Miners ETF has a one year low of $33.34 and a one year high of $96.50. The stock has a market capitalization of $805.58 million, a PE ratio of -1,363.37 and a beta of 0.44.

Sprott Gold Miners ETF Announces Dividend

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

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.