Sprott Inc. Increases Position in Sprott Gold Miners ETF $SGDM

Sprott Inc. boosted its holdings in Sprott Gold Miners ETF (NYSEARCA:SGDM) by 68.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 39,420 shares of the company’s stock after buying an additional 15,990 shares during the period. Sprott Inc. owned 0.41% of Sprott Gold Miners ETF worth $2,444,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Farther Finance Advisors LLC grew its position in shares of Sprott Gold Miners ETF by 467.4% during the third quarter. Farther Finance Advisors LLC now owns 505 shares of the company’s stock worth $31,000 after purchasing an additional 416 shares in the last quarter. Premier Financial Group purchased a new stake in Sprott Gold Miners ETF during the 3rd quarter valued at approximately $123,000. Dempze Nancy E bought a new stake in shares of Sprott Gold Miners ETF during the third quarter valued at approximately $202,000. Perigon Wealth Management LLC purchased a new position in shares of Sprott Gold Miners ETF in the third quarter worth $216,000. Finally, GSA Capital Partners LLP bought a new position in shares of Sprott Gold Miners ETF during the third quarter worth $231,000.

Sprott Gold Miners ETF Stock Performance

SGDM opened at $95.33 on Tuesday. The stock has a market capitalization of $913.26 million, a price-to-earnings ratio of -1,545.61 and a beta of 0.44. The company has a fifty day moving average of $80.69 and a 200 day moving average of $67.74. Sprott Gold Miners ETF has a fifty-two week low of $32.09 and a fifty-two week high of $96.50.

Sprott Gold Miners ETF Dividend Announcement

The company also recently announced an annual dividend, which was paid on Monday, December 22nd. Stockholders 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 payout ratio is -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.