Rafferty Asset Management LLC Increases Position in Sprott Uranium Miners ETF $URNM

Rafferty Asset Management LLC increased its stake in shares of Sprott Uranium Miners ETF (NYSEARCA:URNM) by 41.8% in the third quarter, HoldingsChannel reports. The firm owned 38,630 shares of the company’s stock after buying an additional 11,384 shares during the period. Rafferty Asset Management LLC’s holdings in Sprott Uranium Miners ETF were worth $2,334,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Comerica Bank raised its holdings in Sprott Uranium Miners ETF by 50.1% in the first quarter. Comerica Bank now owns 3,153 shares of the company’s stock worth $102,000 after purchasing an additional 1,053 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Sprott Uranium Miners ETF by 127.5% during the 1st quarter. Royal Bank of Canada now owns 86,993 shares of the company’s stock worth $2,822,000 after acquiring an additional 48,746 shares in the last quarter. NewEdge Advisors LLC lifted its position in Sprott Uranium Miners ETF by 96.8% during the first quarter. NewEdge Advisors LLC now owns 5,648 shares of the company’s stock valued at $183,000 after acquiring an additional 2,778 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Sprott Uranium Miners ETF by 3.1% in the first quarter. Goldman Sachs Group Inc. now owns 88,542 shares of the company’s stock valued at $2,872,000 after acquiring an additional 2,687 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Sprott Uranium Miners ETF by 6.4% in the second quarter. Envestnet Asset Management Inc. now owns 114,001 shares of the company’s stock worth $5,464,000 after purchasing an additional 6,827 shares during the last quarter.

Sprott Uranium Miners ETF Trading Up 2.3%

Shares of URNM stock opened at $70.97 on Thursday. Sprott Uranium Miners ETF has a 12-month low of $27.60 and a 12-month high of $84.95. The business’s fifty day simple moving average is $68.79 and its 200-day simple moving average is $60.72. The company has a market cap of $2.40 billion, a PE ratio of 7.69 and a beta of 1.00.

Sprott Uranium Miners ETF Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Monday, December 22nd. Shareholders of record on Thursday, December 18th were paid a $1.7432 dividend. The ex-dividend date was Thursday, December 18th. This represents a yield of 339.0%.

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.