FPC Investment Advisory Inc. Sells 3,834 Shares of Sprott Gold Miners ETF (NYSEARCA:SGDM)

FPC Investment Advisory Inc. decreased its holdings in Sprott Gold Miners ETF (NYSEARCA:SGDM) by 56.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,938 shares of the company’s stock after selling 3,834 shares during the quarter. FPC Investment Advisory Inc.’s holdings in Sprott Gold Miners ETF were worth $82,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Geneos Wealth Management Inc. boosted its position in Sprott Gold Miners ETF by 112.8% during the fourth quarter. Geneos Wealth Management Inc. now owns 10,000 shares of the company’s stock valued at $278,000 after acquiring an additional 5,300 shares during the last quarter. Fiduciary Family Office LLC bought a new stake in Sprott Gold Miners ETF during the fourth quarter valued at $489,000. CWA Asset Management Group LLC boosted its position in Sprott Gold Miners ETF by 125.0% during the fourth quarter. CWA Asset Management Group LLC now owns 20,700 shares of the company’s stock valued at $575,000 after acquiring an additional 11,502 shares during the last quarter. MML Investors Services LLC bought a new stake in Sprott Gold Miners ETF during the third quarter valued at $214,000. Finally, Stifel Financial Corp bought a new stake in Sprott Gold Miners ETF during the third quarter valued at $246,000.

Sprott Gold Miners ETF Trading Down 3.1 %

Shares of SGDM opened at $33.24 on Friday. The firm’s fifty day simple moving average is $30.35 and its two-hundred day simple moving average is $30.45. Sprott Gold Miners ETF has a 12 month low of $20.74 and a 12 month high of $34.57. The stock has a market capitalization of $287.53 million, a P/E ratio of 25.99 and a beta of 0.92.

Sprott Gold Miners ETF Company 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.