224,686 Shares in Sprott Uranium Miners ETF $URNM Acquired by Cumberland Partners Ltd

Cumberland Partners Ltd bought a new position in shares of Sprott Uranium Miners ETF (NYSEARCA:URNM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 224,686 shares of the company’s stock, valued at approximately $12,334,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in URNM. Comerica Bank raised its holdings in Sprott Uranium Miners ETF by 50.1% during the first quarter. Comerica Bank now owns 3,153 shares of the company’s stock worth $102,000 after purchasing an additional 1,053 shares in the last quarter. Royal Bank of Canada raised its holdings in Sprott Uranium Miners ETF by 127.5% during the first quarter. Royal Bank of Canada now owns 86,993 shares of the company’s stock worth $2,822,000 after purchasing an additional 48,746 shares in the last quarter. NewEdge Advisors LLC raised its holdings in 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 in the last quarter. Goldman Sachs Group Inc. raised its holdings in Sprott Uranium Miners ETF by 3.1% during the first quarter. Goldman Sachs Group Inc. now owns 88,542 shares of the company’s stock worth $2,872,000 after purchasing an additional 2,687 shares in the last quarter. Finally, Cerity Partners LLC bought a new stake in Sprott Uranium Miners ETF during the second quarter worth approximately $431,000.

Sprott Uranium Miners ETF Price Performance

Shares of NYSEARCA:URNM opened at $58.22 on Friday. Sprott Uranium Miners ETF has a 12 month low of $38.76 and a 12 month high of $84.95. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 7.69 and a beta of 0.93. The stock’s 50 day moving average price is $64.08 and its 200 day moving average price is $63.64.

About Sprott Uranium Miners ETF

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.