Ade LLC Sells 1,600 Shares of Sprott Gold Miners ETF (NYSEARCA:SGDM)

Ade LLC reduced its stake in shares of Sprott Gold Miners ETF (NYSEARCA:SGDM) by 6.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,379 shares of the company’s stock after selling 1,600 shares during the period. Ade LLC owned 0.24% of Sprott Gold Miners ETF worth $584,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Comerica Bank bought a new position in Sprott Gold Miners ETF during the third quarter valued at about $48,000. ORG Partners LLC acquired a new stake in shares of Sprott Gold Miners ETF in the fourth quarter valued at about $57,000. Geneos Wealth Management Inc. grew its position in shares of Sprott Gold Miners ETF by 10.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 5,700 shares of the company’s stock valued at $142,000 after purchasing an additional 530 shares during the last quarter. Raymond James & Associates acquired a new stake in shares of Sprott Gold Miners ETF in the first quarter valued at about $209,000. Finally, Stifel Financial Corp acquired a new stake in shares of Sprott Gold Miners ETF in the first quarter valued at about $209,000.

Sprott Gold Miners ETF Trading Up 0.5 %

SGDM stock traded up $0.12 during trading on Thursday, reaching $26.53. 21,582 shares of the stock were exchanged, compared to its average volume of 34,195. Sprott Gold Miners ETF has a twelve month low of $20.72 and a twelve month high of $31.40. The company has a market capitalization of $239.03 million, a P/E ratio of 24.40 and a beta of 0.73. The stock has a 50 day simple moving average of $23.77 and a 200-day simple moving average of $23.86.

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.