Pekin Hardy Strauss Inc. Lowers Stock Position in Sprott Gold Miners ETF (NYSEARCA:SGDM)

Pekin Hardy Strauss Inc. decreased its position in Sprott Gold Miners ETF (NYSEARCA:SGDM) by 19.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,113 shares of the company’s stock after selling 5,900 shares during the period. Pekin Hardy Strauss Inc. owned about 0.25% of Sprott Gold Miners ETF worth $602,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. ADE LLC lifted its position in shares of Sprott Gold Miners ETF by 2.1% during the 3rd quarter. ADE LLC now owns 24,979 shares of the company’s stock valued at $571,000 after buying an additional 507 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Sprott Gold Miners ETF by 10.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 5,700 shares of the company’s stock valued at $142,000 after purchasing an additional 530 shares in the last quarter. Optimum Investment Advisors grew its position in shares of Sprott Gold Miners ETF by 8.1% in the fourth quarter. Optimum Investment Advisors now owns 8,700 shares of the company’s stock valued at $217,000 after purchasing an additional 650 shares during the period. ORG Partners LLC acquired a new position in shares of Sprott Gold Miners ETF during the 4th quarter worth about $57,000. Finally, HC Advisors LLC boosted its holdings in Sprott Gold Miners ETF by 19.7% in the 4th quarter. HC Advisors LLC now owns 41,294 shares of the company’s stock worth $1,032,000 after buying an additional 6,810 shares during the last quarter.

Sprott Gold Miners ETF Stock Performance

Shares of SGDM stock opened at $26.21 on Wednesday. Sprott Gold Miners ETF has a fifty-two week low of $20.72 and a fifty-two week high of $31.40. The stock’s fifty day moving average is $24.64 and its two-hundred day moving average is $24.10. The firm has a market capitalization of $236.15 million, a P/E ratio of 24.90 and a beta of 0.70.

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.