Sprott Gold Miners ETF (NYSEARCA:SGDM) Reaches New 1-Year High – Here’s Why

Sprott Gold Miners ETF (NYSEARCA:SGDM) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $92.77 and last traded at $92.7220, with a volume of 33107 shares. The stock had previously closed at $91.15.

Sprott Gold Miners ETF Stock Up 0.7%

The company’s 50-day moving average is $78.85 and its 200 day moving average is $66.48. The company has a market cap of $878.97 million, a price-to-earnings ratio of -1,487.58 and a beta of 0.44.

Sprott Gold Miners ETF Dividend Announcement

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

Hedge Funds Weigh In On Sprott Gold Miners ETF

Hedge funds have recently bought and sold shares of the business. UBS Group AG grew its holdings in Sprott Gold Miners ETF by 0.3% in the fourth quarter. UBS Group AG now owns 340,207 shares of the company’s stock valued at $23,689,000 after purchasing an additional 974 shares during the period. Cetera Investment Advisers grew its stake in Sprott Gold Miners ETF by 10.7% in the 2nd quarter. Cetera Investment Advisers now owns 240,329 shares of the company’s stock valued at $10,872,000 after acquiring an additional 23,150 shares during the period. Asset One Wealth Management LLC acquired a new stake in Sprott Gold Miners ETF in the 4th quarter valued at $17,836,000. Captrust Financial Advisors increased its holdings in Sprott Gold Miners ETF by 3.6% in the 4th quarter. Captrust Financial Advisors now owns 194,872 shares of the company’s stock worth $13,569,000 after acquiring an additional 6,757 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Sprott Gold Miners ETF by 8.1% during the fourth quarter. Wells Fargo & Company MN now owns 90,204 shares of the company’s stock worth $6,281,000 after acquiring an additional 6,794 shares during the period.

About Sprott Gold Miners ETF

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.