New Harbor Financial Group LLC Decreases Stock Position in Sprott Gold Miners ETF $SGDM

New Harbor Financial Group LLC trimmed its position in shares of Sprott Gold Miners ETF (NYSEARCA:SGDM) by 17.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,149 shares of the company’s stock after selling 11,079 shares during the quarter. Sprott Gold Miners ETF makes up approximately 0.7% of New Harbor Financial Group LLC’s investment portfolio, making the stock its 18th largest position. New Harbor Financial Group LLC’s holdings in Sprott Gold Miners ETF were worth $3,295,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in Sprott Gold Miners ETF by 467.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 505 shares of the company’s stock worth $31,000 after purchasing an additional 416 shares during the last quarter. Blue Trust Inc. raised its position in shares of Sprott Gold Miners ETF by 381.3% in the second quarter. Blue Trust Inc. now owns 1,444 shares of the company’s stock valued at $65,000 after buying an additional 1,144 shares during the last quarter. Premier Financial Group purchased a new position in shares of Sprott Gold Miners ETF in the third quarter worth about $123,000. Perigon Wealth Management LLC acquired a new position in Sprott Gold Miners ETF during the third quarter worth about $216,000. Finally, AdvisorNet Financial Inc grew its stake in Sprott Gold Miners ETF by 55.1% during the 3rd quarter. AdvisorNet Financial Inc now owns 4,165 shares of the company’s stock valued at $258,000 after acquiring an additional 1,480 shares in the last quarter.

Sprott Gold Miners ETF Trading Up 6.5%

SGDM stock opened at $84.78 on Friday. The firm has a 50-day moving average of $76.38 and a two-hundred day moving average of $64.44. Sprott Gold Miners ETF has a 12 month low of $31.80 and a 12 month high of $92.72. The company has a market cap of $812.19 million, a price-to-earnings ratio of -1,374.56 and a beta of 0.44.

Sprott Gold Miners ETF Announces Dividend

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 dividend payout ratio (DPR) is currently -470.18%.

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.