Kestra Advisory Services LLC Raises Stock Holdings in Sprott Gold Miners ETF $SGDM

Kestra Advisory Services LLC boosted its position in Sprott Gold Miners ETF (NYSEARCA:SGDM) by 112.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,021 shares of the company’s stock after purchasing an additional 12,200 shares during the quarter. Kestra Advisory Services LLC’s holdings in Sprott Gold Miners ETF were worth $1,738,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Blair William & Co. IL acquired a new position in Sprott Gold Miners ETF in the third quarter valued at approximately $217,000. CreativeOne Wealth LLC acquired a new stake in shares of Sprott Gold Miners ETF during the 3rd quarter worth approximately $341,000. Private Advisor Group LLC grew its stake in shares of Sprott Gold Miners ETF by 7.7% during the 3rd quarter. Private Advisor Group LLC now owns 6,157 shares of the company’s stock worth $382,000 after purchasing an additional 441 shares during the period. UBS Group AG increased its holdings in shares of Sprott Gold Miners ETF by 4.2% during the 3rd quarter. UBS Group AG now owns 339,233 shares of the company’s stock valued at $21,032,000 after purchasing an additional 13,743 shares in the last quarter. Finally, Nicolet Advisory Services LLC purchased a new position in shares of Sprott Gold Miners ETF during the 3rd quarter valued at approximately $206,000.

Sprott Gold Miners ETF Price Performance

Shares of Sprott Gold Miners ETF stock opened at $58.83 on Tuesday. The stock has a market cap of $520.65 million, a P/E ratio of -953.82 and a beta of 0.53. The stock’s 50 day simple moving average is $67.32 and its 200-day simple moving average is $75.27. Sprott Gold Miners ETF has a 1-year low of $44.12 and a 1-year high of $96.50.

Sprott Gold Miners ETF 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.