Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) Stock Price Up 0.6% – What’s Next?

Sprott Junior Gold Miners ETF (NYSEARCA:SGDJ) shot up 0.6% during mid-day trading on Thursday . The company traded as high as $33.70 and last traded at $33.58. 6,300 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 22,671 shares. The stock had previously closed at $33.37.

Sprott Junior Gold Miners ETF Stock Up 0.6 %

The firm has a market capitalization of $119.88 million, a price-to-earnings ratio of 13.84 and a beta of 1.14. The company’s 50 day moving average price is $37.87 and its 200 day moving average price is $35.50.

Hedge Funds Weigh In On Sprott Junior Gold Miners ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SGDJ. CWA Asset Management Group LLC purchased a new position in Sprott Junior Gold Miners ETF during the 3rd quarter worth approximately $415,000. One Plus One Wealth Management LLC increased its stake in shares of Sprott Junior Gold Miners ETF by 2.3% in the third quarter. One Plus One Wealth Management LLC now owns 324,536 shares of the company’s stock worth $11,998,000 after acquiring an additional 7,164 shares during the period. Larson Financial Group LLC raised its holdings in shares of Sprott Junior Gold Miners ETF by 1,937.3% during the third quarter. Larson Financial Group LLC now owns 3,769 shares of the company’s stock worth $139,000 after purchasing an additional 3,584 shares during the last quarter. Stansberry Asset Management LLC lifted its position 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 valued at $416,000 after purchasing an additional 1,655 shares during the period. Finally, Sunbelt Securities Inc. purchased a new stake in Sprott Junior Gold Miners ETF in the second quarter valued at $45,000.

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.