MML Investors Services LLC Acquires New Position in Sprott Gold Miners ETF (NYSEARCA:SGDM)

MML Investors Services LLC bought a new position in shares of Sprott Gold Miners ETF (NYSEARCA:SGDM) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,921 shares of the company’s stock, valued at approximately $214,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its position in Sprott Gold Miners ETF by 2.3% in the second 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 last quarter. National Bank of Canada FI raised its stake in shares of Sprott Gold Miners ETF by 17.5% in the 2nd quarter. National Bank of Canada FI now owns 5,390 shares of the company’s stock valued at $143,000 after acquiring an additional 803 shares during the period. Pekin Hardy Strauss Inc. lifted its holdings 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 worth $730,000 after acquiring an additional 1,255 shares during the last quarter. Sunbelt Securities Inc. acquired a new position in shares of Sprott Gold Miners ETF in the 2nd quarter worth approximately $67,000. Finally, Cetera Investment Advisers boosted its position in shares of Sprott Gold Miners ETF by 11.1% during the 2nd quarter. Cetera Investment Advisers now owns 211,341 shares of the company’s stock worth $5,636,000 after purchasing an additional 21,192 shares during the period.

Sprott Gold Miners ETF Stock Up 0.5 %

NYSEARCA:SGDM opened at $28.09 on Friday. Sprott Gold Miners ETF has a 52 week low of $20.72 and a 52 week high of $34.14. The stock’s fifty day moving average is $30.17 and its two-hundred day moving average is $29.61. The stock has a market capitalization of $253.09 million, a price-to-earnings ratio of 24.90 and a beta of 0.70.

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.