Optimum Investment Advisors Buys 1,000 Shares of Sprott Gold Miners ETF (NYSEARCA:SGDM)

Optimum Investment Advisors grew its stake in shares of Sprott Gold Miners ETF (NYSEARCA:SGDM) by 11.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,900 shares of the company’s stock after buying an additional 1,000 shares during the quarter. Optimum Investment Advisors owned 0.11% of Sprott Gold Miners ETF worth $376,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SGDM. FWL Investment Management LLC bought a new stake in shares of Sprott Gold Miners ETF in the fourth quarter worth about $28,000. Envestnet Asset Management Inc. bought a new stake in shares of Sprott Gold Miners ETF in the fourth quarter worth about $323,000. Rossby Financial LCC bought a new stake in shares of Sprott Gold Miners ETF in the fourth quarter worth about $433,000. PFG Investments LLC grew its stake in shares of Sprott Gold Miners ETF by 21.6% in the first quarter. PFG Investments LLC now owns 19,170 shares of the company’s stock worth $727,000 after purchasing an additional 3,400 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Sprott Gold Miners ETF by 180.1% in the fourth quarter. Jane Street Group LLC now owns 25,014 shares of the company’s stock worth $694,000 after purchasing an additional 16,085 shares during the last quarter.

Sprott Gold Miners ETF Price Performance

NYSEARCA SGDM opened at $44.04 on Wednesday. Sprott Gold Miners ETF has a 1 year low of $26.16 and a 1 year high of $47.04. The business’s 50-day moving average is $43.49 and its 200 day moving average is $37.36. The stock has a market capitalization of $400.32 million, a PE ratio of -714.03 and a beta of 0.75.

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.