Sequoia Financial Advisors LLC Raises Position in Sprott Uranium Miners ETF (NYSEARCA:URNM)

Sequoia Financial Advisors LLC increased its position in shares of Sprott Uranium Miners ETF (NYSEARCA:URNM) by 30.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 10,311 shares of the company’s stock after purchasing an additional 2,430 shares during the period. Sequoia Financial Advisors LLC’s holdings in Sprott Uranium Miners ETF were worth $473,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. lifted its holdings in Sprott Uranium Miners ETF by 94.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 16,450 shares of the company’s stock valued at $811,000 after acquiring an additional 8,000 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Sprott Uranium Miners ETF by 581.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,150 shares of the company’s stock valued at $345,000 after purchasing an additional 6,100 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Sprott Uranium Miners ETF during the first quarter worth about $1,347,000. Avantax Advisory Services Inc. grew its position in Sprott Uranium Miners ETF by 15.5% during the first quarter. Avantax Advisory Services Inc. now owns 17,278 shares of the company’s stock worth $852,000 after buying an additional 2,318 shares during the period. Finally, Cetera Investment Advisers increased its holdings in Sprott Uranium Miners ETF by 307.2% in the first quarter. Cetera Investment Advisers now owns 71,811 shares of the company’s stock valued at $3,540,000 after buying an additional 54,176 shares in the last quarter.

Sprott Uranium Miners ETF Trading Down 1.3 %

URNM stock opened at $49.44 on Monday. The firm has a 50 day moving average of $44.65 and a 200-day moving average of $48.31. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 27.29 and a beta of 1.02. Sprott Uranium Miners ETF has a 12-month low of $36.91 and a 12-month high of $60.17.

Sprott Uranium Miners ETF 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.