Captrust Financial Advisors Buys 4,824 Shares of Sprott Gold Miners ETF (NYSEARCA:SGDM)

Captrust Financial Advisors increased its stake in shares of Sprott Gold Miners ETF (NYSEARCA:SGDM) by 2.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 202,659 shares of the company’s stock after purchasing an additional 4,824 shares during the quarter. Captrust Financial Advisors owned about 2.25% of Sprott Gold Miners ETF worth $6,278,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SGDM. Commonwealth Equity Services LLC lifted its position in Sprott Gold Miners ETF by 2.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 30,080 shares of the company’s stock valued at $802,000 after purchasing an additional 672 shares during the period. Optimum Investment Advisors lifted its holdings in Sprott Gold Miners ETF by 12.7% in the second quarter. Optimum Investment Advisors now owns 7,100 shares of the company’s stock valued at $189,000 after buying an additional 800 shares during the period. National Bank of Canada FI grew its holdings in Sprott Gold Miners ETF by 17.5% during the 2nd quarter. National Bank of Canada FI now owns 5,390 shares of the company’s stock worth $143,000 after acquiring an additional 803 shares during the period. Pekin Hardy Strauss Inc. grew 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 worth $730,000 after acquiring an additional 1,255 shares during the period. Finally, Sunbelt Securities Inc. bought a new stake in shares of Sprott Gold Miners ETF during the 2nd quarter valued at $67,000.

Sprott Gold Miners ETF Trading Down 1.8 %

NYSEARCA SGDM opened at $29.28 on Tuesday. The stock has a 50-day simple moving average of $30.83 and a 200 day simple moving average of $29.46. Sprott Gold Miners ETF has a 12 month low of $20.72 and a 12 month high of $34.14. The company has a market capitalization of $263.81 million, a PE ratio of 24.90 and a beta of 0.70.

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.