Sprott Gold Miners ETF $SGDM Shares Sold by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. decreased its position in Sprott Gold Miners ETF (NYSEARCA:SGDM) by 73.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,875 shares of the company’s stock after selling 10,865 shares during the period. Sovereign Financial Group Inc.’s holdings in Sprott Gold Miners ETF were worth $293,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Farther Finance Advisors LLC boosted its stake in shares of Sprott Gold Miners ETF by 36.6% during the 4th quarter. Farther Finance Advisors LLC now owns 690 shares of the company’s stock worth $48,000 after acquiring an additional 185 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Sprott Gold Miners ETF in the 3rd quarter valued at about $52,000. Empowered Funds LLC purchased a new position in shares of Sprott Gold Miners ETF in the 4th quarter valued at about $122,000. MH & Associates Securities Management Corp ADV acquired a new position in Sprott Gold Miners ETF in the 4th quarter worth about $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 worth $141,000 after purchasing an additional 1,300 shares during the period.

Sprott Gold Miners ETF Trading Down 4.2%

Shares of SGDM stock opened at $64.41 on Wednesday. The company has a market capitalization of $589.35 million, a P/E ratio of -1,044.29 and a beta of 0.49. The business’s 50 day moving average is $72.95 and its two-hundred day moving average is $76.30. Sprott Gold Miners ETF has a 12-month low of $43.50 and a 12-month 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.