Sprott Uranium Miners ETF (NYSEARCA:URNM) Hits New 12-Month High – Here’s What Happened

Sprott Uranium Miners ETF (NYSEARCA:URNM) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $72.66 and last traded at $70.59, with a volume of 1633670 shares. The stock had previously closed at $69.57.

Sprott Uranium Miners ETF Stock Performance

The stock has a market cap of $2.29 billion, a PE ratio of 7.69 and a beta of 1.00. The company’s 50-day moving average price is $58.06 and its 200 day moving average price is $55.25.

Sprott Uranium Miners ETF Announces Dividend

The firm also recently declared an annual dividend, which was paid on Monday, December 22nd. Stockholders of record on Thursday, December 18th were paid a $1.7432 dividend. This represents a dividend yield of 339.0%. The ex-dividend date of this dividend was Thursday, December 18th.

Institutional Trading of Sprott Uranium Miners ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fortitude Family Office LLC acquired a new position in Sprott Uranium Miners ETF in the third quarter valued at about $25,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Sprott Uranium Miners ETF in the 2nd quarter valued at approximately $29,000. Farther Finance Advisors LLC lifted its holdings in shares of Sprott Uranium Miners ETF by 865.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the company’s stock worth $30,000 after acquiring an additional 450 shares during the last quarter. Glassman Wealth Services purchased a new position in shares of Sprott Uranium Miners ETF during the 2nd quarter worth approximately $32,000. Finally, Fifth Third Bancorp acquired a new stake in Sprott Uranium Miners ETF in the 3rd quarter valued at approximately $33,000.

Sprott Uranium Miners ETF Company 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.