Sprott Uranium Miners ETF (NYSEARCA:URNM) Reaches New 1-Year High – Here’s What Happened

Sprott Uranium Miners ETF (NYSEARCA:URNM)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $80.39 and last traded at $73.69, with a volume of 2479931 shares. The stock had previously closed at $75.95.

Sprott Uranium Miners ETF Trading Up 8.5%

The business has a fifty day moving average price of $60.75 and a two-hundred day moving average price of $56.50. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 7.69 and a beta of 1.00.

Sprott Uranium Miners ETF Dividend Announcement

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

Hedge Funds Weigh In On Sprott Uranium Miners ETF

A number of hedge funds have recently modified their holdings of the stock. Fortitude Family Office LLC acquired a new stake in Sprott Uranium Miners ETF during the third quarter valued at $25,000. Farther Finance Advisors LLC raised its stake in shares of Sprott Uranium Miners ETF by 865.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the company’s stock worth $30,000 after purchasing an additional 450 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of Sprott Uranium Miners ETF during the 3rd quarter worth about $33,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Sprott Uranium Miners ETF during the 2nd quarter valued at about $29,000. Finally, Caitlin John LLC bought a new stake in shares of Sprott Uranium Miners ETF in the 3rd quarter valued at approximately $41,000.

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.