Sprott Gold Miners ETF (NYSEARCA:SGDM) Sets New 12-Month High – Still a Buy?

Sprott Gold Miners ETF (NYSEARCA:SGDM)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $61.88 and last traded at $62.05, with a volume of 748 shares trading hands. The stock had previously closed at $60.77.

Sprott Gold Miners ETF Stock Performance

The stock has a market capitalization of $570.28 million, a PE ratio of -1,002.30 and a beta of 0.75. The stock’s 50 day moving average is $51.96 and its two-hundred day moving average is $45.38.

Institutional Trading of Sprott Gold Miners ETF

Several institutional investors have recently added to or reduced their stakes in SGDM. Kiker Wealth Management LLC grew its stake in shares of Sprott Gold Miners ETF by 391.5% during the second quarter. Kiker Wealth Management LLC now owns 580 shares of the company’s stock worth $26,000 after purchasing an additional 462 shares in the last quarter. Hilltop National Bank purchased a new position in Sprott Gold Miners ETF during the second quarter worth approximately $57,000. Blue Trust Inc. raised its stake in Sprott Gold Miners ETF by 381.3% during the second quarter. Blue Trust Inc. now owns 1,444 shares of the company’s stock worth $65,000 after purchasing an additional 1,144 shares during the period. Stonehage Fleming Financial Services Holdings Ltd raised its stake in shares of Sprott Gold Miners ETF by 47.2% in the 2nd quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 2,292 shares of the company’s stock valued at $104,000 after acquiring an additional 735 shares during the period. Finally, AdvisorNet Financial Inc raised its stake in shares of Sprott Gold Miners ETF by 645.8% in the 2nd quarter. AdvisorNet Financial Inc now owns 2,685 shares of the company’s stock valued at $121,000 after acquiring an additional 2,325 shares during the period.

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.