Sprott Gold Miners ETF (NYSEARCA:SGDM) Reaches New 52-Week High – Time to Buy?

Sprott Gold Miners ETF (NYSEARCA:SGDM)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $74.79 and last traded at $74.8280, with a volume of 3348 shares traded. The stock had previously closed at $74.00.

Sprott Gold Miners ETF Stock Performance

The business has a 50 day moving average price of $66.64 and a two-hundred day moving average price of $57.76. The stock has a market cap of $715.53 million, a PE ratio of -1,218.83 and a beta of 0.44.

Sprott Gold Miners ETF Dividend Announcement

The business also recently declared an annual dividend, which was paid on Monday, December 22nd. Investors of record on Thursday, December 18th were issued 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 payout ratio is -470.18%.

Institutional Trading of Sprott Gold Miners ETF

Hedge funds have recently added to or reduced their stakes in the stock. PFG Investments LLC grew its position in shares of Sprott Gold Miners ETF by 1.3% during the 2nd quarter. PFG Investments LLC now owns 19,425 shares of the company’s stock valued at $879,000 after acquiring an additional 255 shares during the period. Farther Finance Advisors LLC lifted its stake in Sprott Gold Miners ETF by 467.4% in the third quarter. Farther Finance Advisors LLC now owns 505 shares of the company’s stock valued at $31,000 after purchasing an additional 416 shares during the last quarter. Private Advisor Group LLC grew its holdings in Sprott Gold Miners ETF by 7.7% during the third quarter. Private Advisor Group LLC now owns 6,157 shares of the company’s stock valued at $382,000 after purchasing an additional 441 shares during the period. Kiker Wealth Management LLC grew its holdings in Sprott Gold Miners ETF by 391.5% during the second quarter. Kiker Wealth Management LLC now owns 580 shares of the company’s stock valued at $26,000 after purchasing an additional 462 shares during the period. Finally, Stonehage Fleming Financial Services Holdings Ltd raised its stake in shares of Sprott Gold Miners ETF by 47.2% in the second quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 2,292 shares of the company’s stock valued at $104,000 after buying an additional 735 shares during the period.

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.