Global Trust Asset Management LLC Buys New Shares in Sprott Uranium Miners ETF (NYSEARCA:URNM)

Global Trust Asset Management LLC purchased a new position in shares of Sprott Uranium Miners ETF (NYSEARCA:URNM) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 600 shares of the company’s stock, valued at approximately $28,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its stake in Sprott Uranium Miners ETF by 8,026.4% during the third quarter. International Assets Investment Management LLC now owns 146,357 shares of the company’s stock worth $6,715,000 after purchasing an additional 144,556 shares during the period. Accordant Advisory Group Inc lifted its stake in Sprott Uranium Miners ETF by 1,066.5% during the third quarter. Accordant Advisory Group Inc now owns 63,996 shares of the company’s stock worth $2,936,000 after purchasing an additional 58,510 shares during the period. Sequoia Financial Advisors LLC lifted its stake in Sprott Uranium Miners ETF by 30.8% during the third quarter. Sequoia Financial Advisors LLC now owns 10,311 shares of the company’s stock worth $473,000 after purchasing an additional 2,430 shares during the period. Glenorchy Capital Ltd lifted its stake in Sprott Uranium Miners ETF by 1.3% during the third quarter. Glenorchy Capital Ltd now owns 237,849 shares of the company’s stock worth $10,913,000 after purchasing an additional 3,072 shares during the period. Finally, Raymond James & Associates lifted its stake in Sprott Uranium Miners ETF by 38.1% during the third quarter. Raymond James & Associates now owns 68,464 shares of the company’s stock worth $3,141,000 after purchasing an additional 18,894 shares during the period.

Sprott Uranium Miners ETF Trading Down 1.3 %

NYSEARCA URNM opened at $49.44 on Friday. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 27.29 and a beta of 1.02. The company has a 50 day moving average of $44.48 and a 200-day moving average of $48.39. Sprott Uranium Miners ETF has a 1-year low of $36.91 and a 1-year high of $60.17.

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.