Sprott Gold Miners ETF (NYSEARCA:SGDM) Shares Gap Up – Here’s Why

Sprott Gold Miners ETF (NYSEARCA:SGDM)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $78.41, but opened at $83.17. Sprott Gold Miners ETF shares last traded at $82.9640, with a volume of 37,446 shares changing hands.

Sprott Gold Miners ETF Trading Up 3.5%

The business’s fifty day simple moving average is $70.56 and its 200-day simple moving average is $60.14. The firm has a market cap of $808.73 million, a P/E ratio of -1,378.77 and a beta of 0.44.

Sprott Gold Miners ETF Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kiker Wealth Management LLC grew its position in shares of Sprott Gold Miners ETF by 391.5% in the 2nd quarter. Kiker Wealth Management LLC now owns 580 shares of the company’s stock worth $26,000 after buying an additional 462 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Sprott Gold Miners ETF by 467.4% in the third quarter. Farther Finance Advisors LLC now owns 505 shares of the company’s stock worth $31,000 after acquiring an additional 416 shares during the period. Advisory Services Network LLC bought a new stake in Sprott Gold Miners ETF in the third quarter valued at $52,000. Hilltop National Bank purchased a new position in Sprott Gold Miners ETF during the 2nd quarter valued at $57,000. Finally, Blue Trust Inc. increased its position in Sprott Gold Miners ETF by 381.3% during the 2nd quarter. Blue Trust Inc. now owns 1,444 shares of the company’s stock valued at $65,000 after purchasing an additional 1,144 shares during the period.

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.