Sprott Gold Miners ETF (NYSEARCA:SGDM) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

Sprott Gold Miners ETF (NYSEARCA:SGDM)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $74.06 and traded as high as $81.38. Sprott Gold Miners ETF shares last traded at $79.32, with a volume of 95,876 shares changing hands.

Sprott Gold Miners ETF Trading Up 4.2%

The company has a market cap of $759.89 million, a price-to-earnings ratio of -1,286.03 and a beta of 0.44. The stock has a 50-day simple moving average of $74.06 and a 200-day simple moving average of $62.57.

Sprott Gold Miners ETF Dividend Announcement

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

Hedge Funds Weigh In On Sprott Gold Miners ETF

Several large investors have recently bought and sold shares of SGDM. D.A. Davidson & CO. acquired a new stake in shares of Sprott Gold Miners ETF in the 3rd quarter worth approximately $1,650,000. Cetera Investment Advisers raised its holdings in Sprott Gold Miners ETF by 10.7% during the second quarter. Cetera Investment Advisers now owns 240,329 shares of the company’s stock worth $10,872,000 after purchasing an additional 23,150 shares in the last quarter. New Harbor Financial Group LLC lifted its position 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 worth $2,906,000 after purchasing an additional 23,002 shares during the period. United Capital Financial Advisors LLC acquired a new stake in Sprott Gold Miners ETF in the third quarter worth approximately $1,341,000. Finally, Raymond James Financial Inc. boosted its stake in Sprott Gold Miners ETF by 25.5% during the 3rd quarter. Raymond James Financial Inc. now owns 81,448 shares of the company’s stock valued at $5,050,000 after purchasing an additional 16,563 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.