Creekmur Asset Management LLC Reduces Stake in Sprott Gold Miners ETF (NYSEARCA:SGDM)

Creekmur Asset Management LLC lowered its position in shares of Sprott Gold Miners ETF (NYSEARCA:SGDM) by 47.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,509 shares of the company’s stock after selling 4,084 shares during the period. Creekmur Asset Management LLC’s holdings in Sprott Gold Miners ETF were worth $114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ORG Partners LLC acquired a new stake in shares of Sprott Gold Miners ETF in the 4th quarter worth $57,000. YHB Investment Advisors Inc. purchased a new stake in shares of Sprott Gold Miners ETF in the 1st quarter worth about $59,000. Geneos Wealth Management Inc. increased its stake in shares of Sprott Gold Miners ETF by 10.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 5,700 shares of the company’s stock worth $142,000 after purchasing an additional 530 shares in the last quarter. FPC Investment Advisory Inc. purchased a new stake in shares of Sprott Gold Miners ETF in the first quarter valued at $235,000. Finally, PFG Investments LLC lifted its holdings in Sprott Gold Miners ETF by 56.5% in the 1st quarter. PFG Investments LLC now owns 16,781 shares of the company’s stock valued at $425,000 after purchasing an additional 6,058 shares in the last quarter.

Sprott Gold Miners ETF Price Performance

NYSEARCA:SGDM traded down $0.31 during mid-day trading on Thursday, reaching $29.26. The company’s stock had a trading volume of 5,897 shares, compared to its average volume of 31,535. Sprott Gold Miners ETF has a twelve month low of $20.72 and a twelve month high of $30.53. The company’s fifty day simple moving average is $27.81 and its two-hundred day simple moving average is $25.68. The stock has a market cap of $263.63 million, a P/E 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.