Sprott Uranium Miners ETF (NYSEARCA:URNM) Hits New 52-Week High – Should You Buy?

Sprott Uranium Miners ETF (NYSEARCA:URNM)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $68.95 and last traded at $68.21, with a volume of 349247 shares. The stock had previously closed at $67.10.

Sprott Uranium Miners ETF Price Performance

The stock has a 50-day simple moving average of $57.57 and a 200 day simple moving average of $54.82. The company has a market capitalization of $2.25 billion, a PE ratio of 7.69 and a beta of 1.00.

Sprott Uranium Miners ETF Announces Dividend

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

Institutional Investors Weigh In On Sprott Uranium Miners ETF

Large investors have recently added to or reduced their stakes in the company. Harbour Investments Inc. lifted its holdings in Sprott Uranium Miners ETF by 19.9% during the 2nd quarter. Harbour Investments Inc. now owns 1,265 shares of the company’s stock worth $61,000 after buying an additional 210 shares during the last quarter. Belpointe Asset Management LLC increased its position in Sprott Uranium Miners ETF by 2.1% in the 2nd quarter. Belpointe Asset Management LLC now owns 10,712 shares of the company’s stock valued at $513,000 after acquiring an additional 219 shares during the period. Commons Capital LLC lifted its holdings in Sprott Uranium Miners ETF by 5.9% in the third quarter. Commons Capital LLC now owns 4,583 shares of the company’s stock worth $277,000 after purchasing an additional 257 shares during the period. Spire Wealth Management lifted its position in Sprott Uranium Miners ETF by 59.7% in the third quarter. Spire Wealth Management now owns 824 shares of the company’s stock worth $50,000 after purchasing an additional 308 shares during the period. Finally, Savvy Advisors Inc. raised its position in Sprott Uranium Miners ETF by 0.7% in the second quarter. Savvy Advisors Inc. now owns 48,549 shares of the company’s stock worth $2,327,000 after acquiring an additional 318 shares in the last quarter.

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.