Asset One Wealth Management LLC Purchases New Shares in Sprott Gold Miners ETF $SGDM

Asset One Wealth Management LLC acquired a new stake in Sprott Gold Miners ETF (NYSEARCA:SGDM) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 234,376 shares of the company’s stock, valued at approximately $17,836,000. Sprott Gold Miners ETF makes up about 2.5% of Asset One Wealth Management LLC’s portfolio, making the stock its 7th largest holding. Asset One Wealth Management LLC owned approximately 2.45% of Sprott Gold Miners ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in Sprott Gold Miners ETF by 36.6% in the 4th quarter. Farther Finance Advisors LLC now owns 690 shares of the company’s stock valued at $48,000 after acquiring an additional 185 shares in the last quarter. Advisory Services Network LLC acquired a new position in Sprott Gold Miners ETF in the 3rd quarter valued at $52,000. Empowered Funds LLC acquired a new position in Sprott Gold Miners ETF in the 4th quarter valued at $122,000. MH & Associates Securities Management Corp ADV acquired a new position in Sprott Gold Miners ETF in the 4th quarter valued at $129,000. Finally, CIBC Private Wealth Group LLC raised its holdings in Sprott Gold Miners ETF by 132.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,278 shares of the company’s stock valued at $141,000 after acquiring an additional 1,300 shares in the last quarter.

Sprott Gold Miners ETF Price Performance

Shares of NYSEARCA SGDM opened at $70.10 on Thursday. The stock has a market capitalization of $641.42 million, a PE ratio of -1,136.55 and a beta of 0.49. The business has a fifty day moving average price of $74.05 and a two-hundred day moving average price of $76.30. Sprott Gold Miners ETF has a fifty-two week low of $43.50 and a fifty-two week high of $96.50.

About Sprott Gold Miners ETF

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.