Sprott Gold Miners ETF (NYSEARCA:SGDM) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Sprott Gold Miners ETF (NYSEARCA:SGDM)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $29.58 and traded as low as $29.05. Sprott Gold Miners ETF shares last traded at $29.17, with a volume of 12,475 shares traded.

Sprott Gold Miners ETF Price Performance

The company has a 50 day simple moving average of $30.60 and a 200-day simple moving average of $29.58. The firm has a market cap of $262.86 million, a PE ratio of 24.90 and a beta of 0.70.

Hedge Funds Weigh In On Sprott Gold Miners ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Capital Wealth Alliance LLC bought a new position in Sprott Gold Miners ETF during the 2nd quarter worth approximately $205,000. Commonwealth Equity Services LLC grew its holdings in shares of Sprott Gold Miners ETF by 2.3% in the second quarter. Commonwealth Equity Services LLC now owns 30,080 shares of the company’s stock worth $802,000 after purchasing an additional 672 shares during the last quarter. National Bank of Canada FI grew its holdings in shares of Sprott Gold Miners ETF by 17.5% in the second quarter. National Bank of Canada FI now owns 5,390 shares of the company’s stock worth $143,000 after purchasing an additional 803 shares during the last quarter. Pekin Hardy Strauss Inc. raised its holdings in Sprott Gold Miners ETF by 4.8% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 27,353 shares of the company’s stock valued at $730,000 after buying an additional 1,255 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in Sprott Gold Miners ETF during the 2nd quarter valued at $67,000.

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.