Sprott Gold Miners ETF (NYSEARCA:SGDM) Stock Position Lowered by Kovack Advisors Inc.

Kovack Advisors Inc. trimmed its holdings in Sprott Gold Miners ETF (NYSEARCA:SGDM) by 6.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,900 shares of the company’s stock after selling 1,000 shares during the quarter. Kovack Advisors Inc. owned 0.15% of Sprott Gold Miners ETF worth $386,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors lifted its holdings in shares of Sprott Gold Miners ETF by 2.4% during the third quarter. Captrust Financial Advisors now owns 202,659 shares of the company’s stock valued at $6,278,000 after purchasing an additional 4,824 shares during the last quarter. Pekin Hardy Strauss Inc. raised its holdings in Sprott Gold Miners ETF by 12.2% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 30,688 shares of the company’s stock worth $951,000 after buying an additional 3,335 shares during the period. CWA Asset Management Group LLC lifted its stake in Sprott Gold Miners ETF by 125.0% during the fourth quarter. CWA Asset Management Group LLC now owns 20,700 shares of the company’s stock valued at $575,000 after buying an additional 11,502 shares in the last quarter. Fiduciary Family Office LLC acquired a new position in shares of Sprott Gold Miners ETF in the fourth quarter worth about $489,000. Finally, Geneos Wealth Management Inc. increased its position in shares of Sprott Gold Miners ETF by 112.8% in the fourth quarter. Geneos Wealth Management Inc. now owns 10,000 shares of the company’s stock worth $278,000 after acquiring an additional 5,300 shares in the last quarter.

Sprott Gold Miners ETF Price Performance

SGDM stock opened at $32.65 on Friday. The company’s 50 day simple moving average is $30.73 and its 200-day simple moving average is $30.59. Sprott Gold Miners ETF has a 52-week low of $21.15 and a 52-week high of $34.57. The firm has a market capitalization of $282.42 million, a P/E ratio of 25.99 and a beta of 0.92.

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.