Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) Trading Up 1.5% – Here’s Why

Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) shares were up 1.5% during mid-day trading on Wednesday . The stock traded as high as $37.43 and last traded at $37.11. Approximately 4,079 shares changed hands during trading, a decline of 82% from the average daily volume of 23,087 shares. The stock had previously closed at $36.55.

Sprott Junior Gold Miners ETF Stock Performance

The firm’s 50 day simple moving average is $38.14 and its 200-day simple moving average is $35.18. The company has a market cap of $132.47 million, a price-to-earnings ratio of 13.84 and a beta of 1.14.

Hedge Funds Weigh In On Sprott Junior Gold Miners ETF

A number of institutional investors and hedge funds have recently bought and sold shares of SGDJ. Sunbelt Securities Inc. purchased a new position in Sprott Junior Gold Miners ETF in the 2nd quarter worth approximately $45,000. Larson Financial Group LLC increased its holdings in shares of Sprott Junior Gold Miners ETF by 1,937.3% in the third quarter. Larson Financial Group LLC now owns 3,769 shares of the company’s stock valued at $139,000 after purchasing an additional 3,584 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in Sprott Junior Gold Miners ETF during the third quarter worth approximately $415,000. Stansberry Asset Management LLC boosted its stake in Sprott Junior Gold Miners ETF by 17.2% during the third quarter. Stansberry Asset Management LLC now owns 11,250 shares of the company’s stock worth $416,000 after buying an additional 1,655 shares during the last quarter. Finally, One Plus One Wealth Management LLC boosted its stake in Sprott Junior Gold Miners ETF by 2.3% during the third quarter. One Plus One Wealth Management LLC now owns 324,536 shares of the company’s stock worth $11,998,000 after buying an additional 7,164 shares during the last quarter.

About Sprott Junior Gold Miners ETF

The Sprott Junior Gold Miners ETF (SGDJ) is an exchange-traded fund that mostly invests in materials equity. The fund tracks an equity index of small-cap gold mining firms. Stocks are weighted by price momentum for gold explorers and by revenue growth for gold developers. SGDJ was launched on Mar 31, 2015 and is managed by Sprott.