ArchPoint Investors Invests $714,000 in Sprott Uranium Miners ETF $URNM

ArchPoint Investors purchased a new position in Sprott Uranium Miners ETF (NYSEARCA:URNM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,000 shares of the company’s stock, valued at approximately $714,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp purchased a new stake in shares of Sprott Uranium Miners ETF in the third quarter worth about $33,000. Knuff & Co LLC purchased a new stake in shares of Sprott Uranium Miners ETF in the fourth quarter worth about $31,000. Caitlin John LLC purchased a new stake in shares of Sprott Uranium Miners ETF in the third quarter worth about $41,000. Assetmark Inc. lifted its holdings in shares of Sprott Uranium Miners ETF by 2,364.3% in the third quarter. Assetmark Inc. now owns 690 shares of the company’s stock worth $42,000 after buying an additional 662 shares in the last quarter. Finally, IFP Advisors Inc purchased a new stake in shares of Sprott Uranium Miners ETF in the third quarter worth about $44,000.

Sprott Uranium Miners ETF Trading Up 0.5%

Shares of Sprott Uranium Miners ETF stock opened at $54.58 on Friday. Sprott Uranium Miners ETF has a 12-month low of $41.88 and a 12-month high of $84.95. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 7.69 and a beta of 0.88. The company’s 50-day moving average price is $63.00 and its 200-day moving average price is $63.95.

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.