Ade LLC Sells 755 Shares of Sprott Gold Miners ETF (NYSEARCA:SGDM)

Ade LLC lowered its position in Sprott Gold Miners ETF (NYSEARCA:SGDM) by 3.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,982 shares of the company’s stock after selling 755 shares during the period. Ade LLC owned approximately 0.24% of Sprott Gold Miners ETF worth $681,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Cetera Investment Advisers lifted its position in Sprott Gold Miners ETF by 11.1% during the second quarter. Cetera Investment Advisers now owns 211,341 shares of the company’s stock valued at $5,636,000 after purchasing an additional 21,192 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of Sprott Gold Miners ETF by 2.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 30,080 shares of the company’s stock valued at $802,000 after buying an additional 672 shares during the period. Pekin Hardy Strauss Inc. grew its stake in shares of Sprott Gold Miners ETF by 4.8% in the 2nd quarter. Pekin Hardy Strauss Inc. now owns 27,353 shares of the company’s stock valued at $730,000 after buying an additional 1,255 shares during the period. FPC Investment Advisory Inc. purchased a new position in shares of Sprott Gold Miners ETF during the 1st quarter worth approximately $235,000. Finally, Capital Wealth Alliance LLC acquired a new stake in Sprott Gold Miners ETF during the 2nd quarter worth approximately $205,000.

Sprott Gold Miners ETF Price Performance

Shares of SGDM traded down $0.48 during midday trading on Wednesday, reaching $32.12. 13,758 shares of the stock were exchanged, compared to its average volume of 29,706. The business’s 50-day moving average price is $31.19 and its 200 day moving average price is $28.97. Sprott Gold Miners ETF has a twelve month low of $20.72 and a twelve month high of $34.14. The company has a market capitalization of $289.40 million, a price-to-earnings ratio of 24.90 and a beta of 0.70.

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.