Sprott Uranium Miners ETF (NYSEARCA:URNM) Trading Down 2.8%

Sprott Uranium Miners ETF (NYSEARCA:URNM)’s share price traded down 2.8% during mid-day trading on Friday . The stock traded as low as $40.63 and last traded at $40.92. 91,052 shares traded hands during trading, a decline of 85% from the average session volume of 591,101 shares. The stock had previously closed at $42.08.

Sprott Uranium Miners ETF Stock Performance

The company has a market capitalization of $1.33 billion, a PE ratio of 27.29 and a beta of 1.02. The company’s 50-day simple moving average is $43.62 and its 200-day simple moving average is $48.89.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers boosted its holdings in shares of Sprott Uranium Miners ETF by 46.8% in the second quarter. Cetera Investment Advisers now owns 105,387 shares of the company’s stock valued at $5,189,000 after acquiring an additional 33,576 shares in the last quarter. Truist Financial Corp boosted its holdings in shares of Sprott Uranium Miners ETF by 5.0% in the second quarter. Truist Financial Corp now owns 5,763 shares of the company’s stock valued at $284,000 after acquiring an additional 275 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Sprott Uranium Miners ETF by 98.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,748 shares of the company’s stock valued at $234,000 after acquiring an additional 2,356 shares in the last quarter. Creative Planning boosted its holdings in shares of Sprott Uranium Miners ETF by 93.3% in the second quarter. Creative Planning now owns 18,661 shares of the company’s stock valued at $919,000 after acquiring an additional 9,005 shares in the last quarter. Finally, Cheviot Value Management LLC purchased a new stake in shares of Sprott Uranium Miners ETF in the second quarter valued at about $1,168,000.

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.