Sprott Gold Miners ETF (NYSEARCA:SGDM) Stock Price Passes Below 50 Day Moving Average of $34.64

Sprott Gold Miners ETF (NYSEARCA:SGDM)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $34.64 and traded as low as $34.00. Sprott Gold Miners ETF shares last traded at $34.03, with a volume of 26,908 shares traded.

The firm’s 50-day moving average is $34.64 and its 200-day moving average is $31.62.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Macroview Investment Management LLC boosted its position in Sprott Gold Miners ETF by 158.0% during the second quarter. Macroview Investment Management LLC now owns 1,032 shares of the company’s stock valued at $33,000 after buying an additional 632 shares during the period. Boenning & Scattergood Inc. purchased a new stake in shares of Sprott Gold Miners ETF during the second quarter worth about $234,000. HighTower Advisors LLC purchased a new stake in shares of Sprott Gold Miners ETF during the second quarter worth about $263,000. Gainplan LLC bought a new stake in shares of Sprott Gold Miners ETF in the second quarter worth about $287,000. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Sprott Gold Miners ETF by 7.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 12,894 shares of the company’s stock valued at $407,000 after purchasing an additional 942 shares during the period.

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