Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG) Stock Price Down 2.9% – Time to Sell?

Sprott Active Gold & Silver Miners ETF (NASDAQ:GBUG)’s share price traded down 2.9% during mid-day trading on Thursday . The company traded as low as $38.49 and last traded at $39.02. 25,693 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 86,575 shares. The stock had previously closed at $40.20.

Sprott Active Gold & Silver Miners ETF Price Performance

The firm has a market capitalization of $140.86 million, a P/E ratio of 21.39 and a beta of 0.11. The business’s 50-day moving average is $40.65 and its 200 day moving average is $45.82.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Beacon Pointe Advisors LLC bought a new position in shares of Sprott Active Gold & Silver Miners ETF during the fourth quarter worth approximately $343,000. Royal Bank of Canada raised its position in shares of Sprott Active Gold & Silver Miners ETF by 4.8% in the fourth quarter. Royal Bank of Canada now owns 21,242 shares of the company’s stock valued at $928,000 after buying an additional 982 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Sprott Active Gold & Silver Miners ETF in the fourth quarter valued at approximately $76,000. Sprott Inc. boosted its stake in shares of Sprott Active Gold & Silver Miners ETF by 0.8% in the fourth quarter. Sprott Inc. now owns 183,295 shares of the company’s stock valued at $8,008,000 after buying an additional 1,505 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in Sprott Active Gold & Silver Miners ETF by 3.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 53,372 shares of the company’s stock worth $2,332,000 after buying an additional 1,638 shares in the last quarter.

Sprott Active Gold & Silver Miners ETF Company Profile

The Sprott Active Gold & Silver Miners ETF (GBUG) is an exchange-traded fund that is based on the Barclays Gold 3 Month index. The fund tracks the Barclays Gold 3 Month Index Total Return by rolling specified gold futures contracts.