Sprott Gold Miners ETF (NYSEARCA:SGDM) Trading Down 6.6% – Time to Sell?

Sprott Gold Miners ETF (NYSEARCA:SGDM) fell 6.6% during trading on Monday . The company traded as low as $70.17 and last traded at $69.5650. 18,681 shares were traded during trading, a decline of 70% from the average session volume of 62,156 shares. The stock had previously closed at $74.47.

Sprott Gold Miners ETF Price Performance

The company’s 50-day simple moving average is $64.82 and its 200 day simple moving average is $56.66. The firm has a market cap of $675.66 million, a P/E ratio of -1,147.09 and a beta of 0.44.

Sprott Gold Miners ETF Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Monday, December 22nd. Shareholders 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 yield of 75.0%. Sprott Gold Miners ETF’s dividend payout ratio is -470.18%.

Institutional Trading of Sprott Gold Miners ETF

A number of institutional investors have recently bought and sold shares of SGDM. Farther Finance Advisors LLC boosted its stake in 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 buying an additional 416 shares during the period. Kiker Wealth Management LLC grew its holdings in Sprott Gold Miners ETF by 391.5% during the 2nd quarter. Kiker Wealth Management LLC now owns 580 shares of the company’s stock valued at $26,000 after purchasing an additional 462 shares during the last quarter. Advisory Services Network LLC bought a new stake in Sprott Gold Miners ETF in the third quarter worth about $52,000. Hilltop National Bank purchased a new position in shares of Sprott Gold Miners ETF during the second quarter valued at approximately $57,000. Finally, Blue Trust Inc. raised its holdings in shares of Sprott Gold Miners ETF by 381.3% in the second quarter. Blue Trust Inc. now owns 1,444 shares of the company’s stock worth $65,000 after buying an additional 1,144 shares during the period.

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.