Hara Capital LLC Buys New Stake in Sprott Gold Miners ETF (NYSEARCA:SGDM)

Hara Capital LLC bought a new stake in Sprott Gold Miners ETF (NYSEARCA:SGDM) during the third quarter, Holdings Channel.com reports. The fund bought 7,325 shares of the company’s stock, valued at approximately $227,000.

A number of other hedge funds have also recently modified their holdings of the stock. FPC Investment Advisory Inc. acquired a new position in Sprott Gold Miners ETF in the first quarter valued at $235,000. Cetera Investment Advisers acquired a new position in Sprott Gold Miners ETF in the 1st quarter valued at about $4,818,000. Optimum Investment Advisors raised its stake in Sprott Gold Miners ETF by 12.7% during the 2nd quarter. Optimum Investment Advisors now owns 7,100 shares of the company’s stock valued at $189,000 after acquiring an additional 800 shares during the last quarter. ORG Partners LLC acquired a new stake in Sprott Gold Miners ETF during the 2nd quarter worth approximately $69,000. Finally, Capital Wealth Alliance LLC purchased a new position in shares of Sprott Gold Miners ETF in the 2nd quarter valued at approximately $205,000.

Sprott Gold Miners ETF Price Performance

Shares of NYSEARCA:SGDM traded down $0.13 during trading on Thursday, reaching $30.18. The company had a trading volume of 34,642 shares, compared to its average volume of 29,720. The stock’s fifty day moving average price is $31.23 and its 200 day moving average price is $29.15. Sprott Gold Miners ETF has a fifty-two week low of $20.72 and a fifty-two week high of $34.14. The firm has a market capitalization of $271.92 million, a price-to-earnings ratio of 24.90 and a beta of 0.70.

Sprott Gold Miners ETF Profile

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.