Private Advisor Group LLC Cuts Holdings in Sprott Uranium Miners ETF $URNM

Private Advisor Group LLC reduced its position in shares of Sprott Uranium Miners ETF (NYSEARCA:URNM) by 17.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,102 shares of the company’s stock after selling 9,693 shares during the quarter. Private Advisor Group LLC owned 0.13% of Sprott Uranium Miners ETF worth $2,911,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Anatole Investment Management Ltd increased its stake in shares of Sprott Uranium Miners ETF by 61.1% in the 3rd quarter. Anatole Investment Management Ltd now owns 1,363,508 shares of the company’s stock valued at $82,397,000 after purchasing an additional 517,208 shares in the last quarter. LPL Financial LLC grew its holdings in Sprott Uranium Miners ETF by 2.2% in the fourth quarter. LPL Financial LLC now owns 276,252 shares of the company’s stock valued at $15,163,000 after purchasing an additional 5,884 shares during the period. Group One Trading LLC increased its position in shares of Sprott Uranium Miners ETF by 99.5% in the second quarter. Group One Trading LLC now owns 227,989 shares of the company’s stock valued at $10,928,000 after buying an additional 113,699 shares in the last quarter. Cumberland Partners Ltd purchased a new stake in shares of Sprott Uranium Miners ETF in the fourth quarter valued at approximately $12,334,000. Finally, Acorn Financial Advisory Services Inc. ADV acquired a new position in shares of Sprott Uranium Miners ETF during the 1st quarter worth approximately $13,258,000.

Sprott Uranium Miners ETF Price Performance

Shares of URNM stock opened at $52.21 on Friday. Sprott Uranium Miners ETF has a 1-year low of $43.10 and a 1-year high of $84.95. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 7.69 and a beta of 0.91. The stock has a 50 day simple moving average of $58.34 and a 200-day simple moving average of $63.76.

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.