Sprott Uranium Miners ETF (NYSEARCA:URNM) Position Trimmed by Stegent Equity Advisors Inc.

Stegent Equity Advisors Inc. lessened its stake in shares of Sprott Uranium Miners ETF (NYSEARCA:URNM) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,901 shares of the company’s stock after selling 3,274 shares during the period. Sprott Uranium Miners ETF makes up about 4.1% of Stegent Equity Advisors Inc.’s investment portfolio, making the stock its 8th largest holding. Stegent Equity Advisors Inc.’s holdings in Sprott Uranium Miners ETF were worth $3,471,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of URNM. DAVENPORT & Co LLC bought a new stake in shares of Sprott Uranium Miners ETF in the third quarter worth $244,000. Commonwealth Equity Services LLC raised its position in Sprott Uranium Miners ETF by 24.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 50,679 shares of the company’s stock worth $2,391,000 after buying an additional 9,957 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Sprott Uranium Miners ETF by 54.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 34,004 shares of the company’s stock valued at $1,604,000 after purchasing an additional 11,994 shares during the period. Pettinga Financial Advisors LLC boosted its holdings in Sprott Uranium Miners ETF by 1.1% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 87,427 shares of the company’s stock worth $4,124,000 after buying an additional 924 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Sprott Uranium Miners ETF in the third quarter valued at approximately $280,000.

Sprott Uranium Miners ETF Price Performance

Sprott Uranium Miners ETF stock traded down $2.87 during trading on Tuesday, reaching $49.73. 503,279 shares of the company were exchanged, compared to its average volume of 711,567. Sprott Uranium Miners ETF has a 52-week low of $28.79 and a 52-week high of $58.96. The stock’s 50 day simple moving average is $49.93 and its two-hundred day simple moving average is $49.65. The company has a market capitalization of $1.60 billion, a P/E ratio of 26.97 and a beta of 0.95.

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.