Sprott Gold Miners ETF $SGDM Stock: New Harbor Financial Group LLC Grows Holdings

New Harbor Financial Group LLC boosted its holdings in shares of Sprott Gold Miners ETF (NYSEARCA:SGDM) by 57.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 47,614 shares of the company’s stock after acquiring an additional 17,433 shares during the quarter. Sprott Gold Miners ETF makes up approximately 0.5% of New Harbor Financial Group LLC’s portfolio, making the stock its 22nd largest holding. New Harbor Financial Group LLC’s holdings in Sprott Gold Miners ETF were worth $3,527,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SGDM. Private Advisor Group LLC grew its position in Sprott Gold Miners ETF by 2.7% in the first quarter. Private Advisor Group LLC now owns 5,263 shares of the company’s stock worth $397,000 after acquiring an additional 137 shares in the last quarter. AdvisorNet Financial Inc raised its holdings in shares of Sprott Gold Miners ETF by 3.3% during the 3rd quarter. AdvisorNet Financial Inc now owns 5,635 shares of the company’s stock valued at $394,000 after purchasing an additional 180 shares in the last quarter. Beaumont Financial Advisors LLC raised its holdings in shares of Sprott Gold Miners ETF by 2.5% during the 1st quarter. Beaumont Financial Advisors LLC now owns 8,113 shares of the company’s stock valued at $612,000 after purchasing an additional 200 shares in the last quarter. D.A. Davidson & CO. raised its holdings in shares of Sprott Gold Miners ETF by 1.5% during the 1st quarter. D.A. Davidson & CO. now owns 51,504 shares of the company’s stock valued at $3,888,000 after purchasing an additional 769 shares in the last quarter. Finally, Centaurus Financial Inc. acquired a new stake in shares of Sprott Gold Miners ETF in the 1st quarter valued at $103,000.

Sprott Gold Miners ETF Price Performance

Shares of SGDM stock traded down $1.35 on Friday, hitting $67.38. The company’s stock had a trading volume of 22,713 shares, compared to its average volume of 60,031. The stock has a market capitalization of $590.25 million, a price-to-earnings ratio of -1,092.45 and a beta of 0.56. Sprott Gold Miners ETF has a fifty-two week low of $55.46 and a fifty-two week high of $96.50. The firm’s fifty day moving average price is $77.94 and its 200-day moving average price is $72.77.

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.