Commonwealth Equity Services LLC Purchases 672 Shares of Sprott Gold Miners ETF (NYSEARCA:SGDM)

Commonwealth Equity Services LLC lifted its position in shares of Sprott Gold Miners ETF (NYSEARCA:SGDM) by 2.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,080 shares of the company’s stock after purchasing an additional 672 shares during the period. Commonwealth Equity Services LLC owned about 0.33% of Sprott Gold Miners ETF worth $802,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. YHB Investment Advisors Inc. acquired a new position in shares of Sprott Gold Miners ETF in the first quarter worth approximately $59,000. ORG Partners LLC acquired a new position in shares of Sprott Gold Miners ETF in the second quarter worth approximately $69,000. Optimum Investment Advisors lifted its stake in shares of Sprott Gold Miners ETF by 12.7% in the second quarter. Optimum Investment Advisors now owns 7,100 shares of the company’s stock worth $189,000 after acquiring an additional 800 shares during the period. Capital Wealth Alliance LLC acquired a new position in shares of Sprott Gold Miners ETF in the second quarter worth approximately $205,000. Finally, Creekmur Asset Management LLC acquired a new position in shares of Sprott Gold Miners ETF in the fourth quarter worth approximately $215,000.

Sprott Gold Miners ETF Price Performance

Sprott Gold Miners ETF stock opened at $31.28 on Thursday. The stock’s 50 day moving average is $29.65 and its 200 day moving average is $27.52. The firm has a market cap of $281.83 million, a P/E ratio of 24.90 and a beta of 0.70. Sprott Gold Miners ETF has a one year low of $20.72 and a one year high of $32.13.

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.