Sprott Gold Miners ETF (NYSEARCA:SGDM) Share Price Crosses Below 50-Day Moving Average – What’s Next?

Sprott Gold Miners ETF (NYSEARCA:SGDM)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $30.32 and traded as low as $27.75. Sprott Gold Miners ETF shares last traded at $27.95, with a volume of 14,077 shares.

Sprott Gold Miners ETF Trading Down 0.0 %

The company has a market capitalization of $251.83 million, a price-to-earnings ratio of 24.90 and a beta of 0.70. The stock has a 50-day simple moving average of $30.32 and a 200-day simple moving average of $29.61.

Institutional Trading of Sprott Gold Miners ETF

Institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. acquired a new position in Sprott Gold Miners ETF in the second quarter worth $67,000. National Bank of Canada FI increased its position in 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 period. MML Investors Services LLC bought a new stake in Sprott Gold Miners ETF during the 3rd quarter worth about $214,000. Cutter & CO Brokerage Inc. acquired a new position in Sprott Gold Miners ETF during the 3rd quarter valued at about $218,000. Finally, Hara Capital LLC bought a new position in shares of Sprott Gold Miners ETF in the 3rd quarter valued at about $227,000.

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.