Merit Financial Group LLC Trims Position in Global X Uranium ETF $URA

Merit Financial Group LLC reduced its holdings in Global X Uranium ETF (NYSEARCA:URA) by 45.9% during the 3rd quarter, Holdings Channel reports. The fund owned 24,815 shares of the company’s stock after selling 21,031 shares during the period. Merit Financial Group LLC’s holdings in Global X Uranium ETF were worth $1,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Bensler LLC acquired a new position in Global X Uranium ETF during the third quarter valued at $19,836,000. Avalon Capital Management purchased a new position in shares of Global X Uranium ETF during the 2nd quarter valued at about $7,249,000. Raymond James Financial Inc. lifted its holdings in shares of Global X Uranium ETF by 81.7% in the 2nd quarter. Raymond James Financial Inc. now owns 398,870 shares of the company’s stock valued at $15,480,000 after buying an additional 179,307 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Global X Uranium ETF by 52.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 396,515 shares of the company’s stock valued at $9,088,000 after buying an additional 136,499 shares during the period. Finally, Armstrong Advisory Group Inc. purchased a new stake in shares of Global X Uranium ETF in the third quarter worth about $6,244,000.

Global X Uranium ETF Stock Down 1.1%

Global X Uranium ETF stock opened at $51.32 on Wednesday. Global X Uranium ETF has a 52 week low of $19.50 and a 52 week high of $62.28. The firm has a market cap of $7.09 billion, a price-to-earnings ratio of 37.39 and a beta of 1.10. The business’s 50-day moving average price is $50.51 and its 200 day moving average price is $47.63.

Global X Uranium ETF Company Profile

The Global X Uranium ETF (URA) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of companies involved in uranium mining and the production of nuclear components. URA was launched on Nov 4, 2010 and is managed by Global X.