Hancock Prospecting Pty Ltd Purchases New Stake in Sprott Nickel Miners ETF $NIKL

Hancock Prospecting Pty Ltd acquired a new stake in shares of Sprott Nickel Miners ETF (NASDAQ:NIKL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 70,000 shares of the company’s stock, valued at approximately $1,101,000.

Other hedge funds have also added to or reduced their stakes in the company. Nwam LLC purchased a new position in Sprott Nickel Miners ETF during the 4th quarter valued at $2,413,000. Fortis Group Advisors LLC purchased a new position in Sprott Nickel Miners ETF during the 4th quarter valued at $1,746,000. CENTRAL TRUST Co purchased a new stake in shares of Sprott Nickel Miners ETF in the 4th quarter worth about $353,000. Vanguard Capital Wealth Advisors purchased a new stake in shares of Sprott Nickel Miners ETF in the 4th quarter worth about $322,000. Finally, Bank of Montreal Can grew its position in shares of Sprott Nickel Miners ETF by 2.5% in the 4th quarter. Bank of Montreal Can now owns 59,326 shares of the company’s stock worth $933,000 after buying an additional 1,458 shares during the period.

Sprott Nickel Miners ETF Price Performance

NASDAQ:NIKL opened at $14.87 on Wednesday. The firm’s 50-day moving average price is $16.12 and its 200-day moving average price is $16.62. The company has a market capitalization of $66.02 million, a PE ratio of 18.88 and a beta of 0.79. Sprott Nickel Miners ETF has a 1-year low of $10.75 and a 1-year high of $21.85.

About Sprott Nickel Miners ETF

The Sprott Nickel Miners ETF (NIKL) is an exchange-traded fund that is based on the Nasdaq Sprott Nickel Miners index. The fund tracks an index of nickel related companies around the globe. Securities are selected based on revenue and weighted by market-cap. NIKL was launched on Mar 21, 2023 and is issued by Sprott.