Sprott Uranium Miners ETF $URNM Stock: SBE LLC DBA Cedar Cove Wealth Partners Increases Position

SBE LLC DBA Cedar Cove Wealth Partners boosted its holdings in shares of Sprott Uranium Miners ETF (NYSEARCA:URNM) by 63.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 133,346 shares of the company’s stock after buying an additional 51,638 shares during the quarter. Sprott Uranium Miners ETF makes up approximately 3.0% of SBE LLC DBA Cedar Cove Wealth Partners’ holdings, making the stock its 7th largest holding. SBE LLC DBA Cedar Cove Wealth Partners’ holdings in Sprott Uranium Miners ETF were worth $6,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in URNM. Hennion & Walsh Asset Management Inc. raised its position in shares of Sprott Uranium Miners ETF by 1.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 16,490 shares of the company’s stock valued at $867,000 after purchasing an additional 220 shares during the last quarter. Rathbones Group PLC grew its position in Sprott Uranium Miners ETF by 5.4% during the 1st quarter. Rathbones Group PLC now owns 4,650 shares of the company’s stock worth $294,000 after purchasing an additional 240 shares during the last quarter. Seelaus Asset Management LLC grew its position in Sprott Uranium Miners ETF by 2.5% during the 3rd quarter. Seelaus Asset Management LLC now owns 11,978 shares of the company’s stock worth $568,000 after purchasing an additional 296 shares during the last quarter. Sunbelt Securities Inc. increased its stake in Sprott Uranium Miners ETF by 157.8% during the 1st quarter. Sunbelt Securities Inc. now owns 531 shares of the company’s stock valued at $34,000 after purchasing an additional 325 shares in the last quarter. Finally, Menlo Advisors LLC increased its stake in Sprott Uranium Miners ETF by 0.4% during the 2nd quarter. Menlo Advisors LLC now owns 86,674 shares of the company’s stock valued at $4,558,000 after purchasing an additional 370 shares in the last quarter.

Sprott Uranium Miners ETF Trading Up 2.2%

Shares of NYSEARCA URNM traded up $0.95 during midday trading on Thursday, reaching $43.37. The company had a trading volume of 746,123 shares, compared to its average volume of 762,034. Sprott Uranium Miners ETF has a 1 year low of $41.36 and a 1 year high of $84.95. The business’s 50-day simple moving average is $52.65 and its 200 day simple moving average is $56.42. The stock has a market cap of $1.70 billion, a P/E ratio of 7.69 and a beta of 1.09.

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.