Sprott Uranium Miners ETF $URNM Shares Sold by Garnet Equity Capital Holdings Inc.

Garnet Equity Capital Holdings Inc. lowered its stake in shares of Sprott Uranium Miners ETF (NYSEARCA:URNM) by 34.9% in the second quarter, Holdings Channel reports. The institutional investor owned 130,860 shares of the company’s stock after selling 70,000 shares during the quarter. Sprott Uranium Miners ETF accounts for approximately 1.5% of Garnet Equity Capital Holdings Inc.’s portfolio, making the stock its 16th biggest position. Garnet Equity Capital Holdings Inc.’s holdings in Sprott Uranium Miners ETF were worth $6,272,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in URNM. Allworth Financial LP increased its position in shares of Sprott Uranium Miners ETF by 265.7% in the 2nd quarter. Allworth Financial LP now owns 768 shares of the company’s stock worth $37,000 after purchasing an additional 558 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Sprott Uranium Miners ETF by 65.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,101 shares of the company’s stock worth $36,000 after buying an additional 437 shares during the last quarter. Harbour Investments Inc. grew its position in shares of Sprott Uranium Miners ETF by 19.9% in the 2nd quarter. Harbour Investments Inc. now owns 1,265 shares of the company’s stock worth $61,000 after acquiring an additional 210 shares in the last quarter. St. Johns Investment Management Company LLC bought a new stake in shares of Sprott Uranium Miners ETF in the 2nd quarter valued at approximately $65,000. Finally, Operose Advisors LLC bought a new position in shares of Sprott Uranium Miners ETF in the 1st quarter worth about $70,000.

Sprott Uranium Miners ETF Trading Down 0.3%

Shares of NYSEARCA URNM opened at $56.83 on Thursday. The stock’s 50 day simple moving average is $58.87 and its 200 day simple moving average is $49.42. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 7.69 and a beta of 1.00. Sprott Uranium Miners ETF has a 12-month low of $27.60 and a 12-month high of $68.55.

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.