Sprott Gold Miners ETF (NYSEARCA:SGDM) Plans $0.73 Annual Dividend

by · The Markets Daily

Sprott Gold Miners ETF (NYSEARCA:SGDM – Get Free Report) declared an annual dividend on Wednesday, December 17th. Shareholders of record on Thursday, December 18th will be given a dividend of 0.727 per share on Monday, December 22nd. This represents a yield of 104.0%. The ex-dividend date of this dividend is Thursday, December 18th.

Sprott Gold Miners ETF Trading Down 0.1%

NYSEARCA:SGDM opened at $69.39 on Thursday. Sprott Gold Miners ETF has a 12-month low of $26.60 and a 12-month high of $72.05. The stock’s 50 day simple moving average is $63.34 and its 200-day simple moving average is $54.89. The firm has a market cap of $662.66 million, a P/E ratio of -1,126.48 and a beta of 0.44.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. PFG Investments LLC lifted its holdings in Sprott Gold Miners ETF by 1.3% in the second quarter. PFG Investments LLC now owns 19,425 shares of the company’s stock worth $879,000 after acquiring an additional 255 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Sprott Gold Miners ETF by 467.4% during the third quarter. Farther Finance Advisors LLC now owns 505 shares of the company’s stock valued at $31,000 after acquiring an additional 416 shares during the period. Private Advisor Group LLC grew its position in shares of Sprott Gold Miners ETF by 7.7% during the third quarter. Private Advisor Group LLC now owns 6,157 shares of the company’s stock worth $382,000 after acquiring an additional 441 shares during the last quarter. Kiker Wealth Management LLC increased its holdings in shares of Sprott Gold Miners ETF by 391.5% in the 2nd quarter. Kiker Wealth Management LLC now owns 580 shares of the company’s stock worth $26,000 after acquiring an additional 462 shares during the period. Finally, Capital Wealth Alliance LLC increased its holdings in shares of Sprott Gold Miners ETF by 6.5% in the 1st quarter. Capital Wealth Alliance LLC now owns 8,228 shares of the company’s stock worth $312,000 after acquiring an additional 500 shares during the period.

About Sprott Gold Miners ETF

(Get Free Report)

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.

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