Barometer Capital Management Inc. Takes $657,000 Position in Sprott Gold Miners ETF $SGDM

Barometer Capital Management Inc. bought a new stake in shares of Sprott Gold Miners ETF (NYSEARCA:SGDM) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,700 shares of the company’s stock, valued at approximately $657,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Private Advisor Group LLC boosted its holdings 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. Farther Finance Advisors LLC increased its holdings in shares of Sprott Gold Miners ETF by 36.6% in the 4th quarter. Farther Finance Advisors LLC now owns 690 shares of the company’s stock worth $48,000 after purchasing an additional 185 shares in the last quarter. Beaumont Financial Advisors LLC raised its stake in shares of Sprott Gold Miners ETF by 2.5% in the first quarter. Beaumont Financial Advisors LLC now owns 8,113 shares of the company’s stock worth $612,000 after purchasing an additional 200 shares during the last quarter. Kestra Private Wealth Services LLC raised its position in Sprott Gold Miners ETF by 6.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 4,981 shares of the company’s stock worth $347,000 after buying an additional 320 shares during the last quarter. Finally, D.A. Davidson & CO. raised its holdings in shares of Sprott Gold Miners ETF by 1.5% during the first 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 during the last quarter.

Sprott Gold Miners ETF Price Performance

NYSEARCA SGDM opened at $61.60 on Wednesday. Sprott Gold Miners ETF has a 1-year low of $44.12 and a 1-year high of $96.50. The business’s fifty day moving average price is $66.95 and its 200-day moving average price is $75.21. The stock has a market capitalization of $545.16 million, a price-to-earnings ratio of -998.74 and a beta of 0.53.

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.