Mutual Advisors LLC Takes Position in Sprott Uranium Miners ETF $URNM

Mutual Advisors LLC acquired a new stake in Sprott Uranium Miners ETF (NYSEARCA:URNM) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,072 shares of the company’s stock, valued at approximately $204,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in URNM. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Sprott Uranium Miners ETF by 65.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,101 shares of the company’s stock valued at $36,000 after purchasing an additional 437 shares in the last quarter. Harbour Investments Inc. raised its holdings in Sprott Uranium Miners ETF by 19.9% during the second quarter. Harbour Investments Inc. now owns 1,265 shares of the company’s stock worth $61,000 after acquiring an additional 210 shares in the last quarter. Operose Advisors LLC bought a new stake in Sprott Uranium Miners ETF in the first quarter valued at approximately $70,000. Comerica Bank raised its stake in Sprott Uranium Miners ETF by 50.1% in the first quarter. Comerica Bank now owns 3,153 shares of the company’s stock valued at $102,000 after buying an additional 1,053 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of Sprott Uranium Miners ETF by 96.8% during the first quarter. NewEdge Advisors LLC now owns 5,648 shares of the company’s stock worth $183,000 after purchasing an additional 2,778 shares during the period.

Sprott Uranium Miners ETF Trading Up 3.2%

Shares of NYSEARCA URNM opened at $58.09 on Thursday. The firm has a market cap of $1.90 billion, a P/E ratio of 7.69 and a beta of 1.42. Sprott Uranium Miners ETF has a 1-year low of $27.60 and a 1-year high of $68.55. The business’s 50 day moving average is $55.67 and its 200-day moving average is $46.23.

Sprott Uranium Miners ETF Profile

The Sprott Uranium Miners ETF (URNM) is an exchange-traded fund that is based on the North Shore Global Uranium Mining index, a market-cap-weighted index of global companies in the uranium industry. URNM was launched on Dec 3, 2019 and is managed by Sprott.