Sprott Gold Miners ETF (NYSEARCA:SGDM) Reaches New 12-Month High – Should You Buy?

Shares of Sprott Gold Miners ETF (NYSEARCA:SGDM) reached a new 52-week high on Thursday . The stock traded as high as $80.10 and last traded at $78.51, with a volume of 72015 shares trading hands. The stock had previously closed at $78.20.

Sprott Gold Miners ETF Stock Performance

The company has a market capitalization of $745.68 million, a P/E ratio of -1,271.28 and a beta of 0.44. The company’s fifty day simple moving average is $69.01 and its 200-day simple moving average is $59.12.

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 paid a dividend of $0.727 per share. The ex-dividend date was Thursday, December 18th. This represents a dividend yield of 75.0%. Sprott Gold Miners ETF’s dividend payout ratio (DPR) is currently -470.18%.

Institutional Trading of Sprott Gold Miners ETF

A number of hedge funds have recently bought and sold shares of SGDM. Osaic Holdings Inc. lifted its position in shares of Sprott Gold Miners ETF by 32.4% during the second 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 purchased a new position in shares of Sprott Gold Miners ETF in the 2nd quarter worth approximately $263,000. Blue Trust Inc. raised its stake in shares of Sprott Gold Miners ETF by 381.3% during the 2nd quarter. Blue Trust Inc. now owns 1,444 shares of the company’s stock worth $65,000 after acquiring an additional 1,144 shares in the last quarter. AdvisorNet Financial Inc lifted its position in Sprott Gold Miners ETF by 645.8% during the second quarter. AdvisorNet Financial Inc now owns 2,685 shares of the company’s stock valued at $121,000 after acquiring an additional 2,325 shares during the last quarter. Finally, New Harbor Financial Group LLC boosted its stake in Sprott Gold Miners ETF by 55.8% in the second quarter. New Harbor Financial Group LLC now owns 64,228 shares of the company’s stock valued at $2,906,000 after acquiring an additional 23,002 shares in the last quarter.

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.