Freemont Management S.A. Purchases New Position in Sprott Uranium Miners ETF $URNM

Freemont Management S.A. acquired a new position in Sprott Uranium Miners ETF (NYSEARCA:URNM) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 15,000 shares of the company’s stock, valued at approximately $947,000.

A number of other hedge funds have also bought and sold shares of URNM. Financial Enhancement Group LLC bought a new position in shares of Sprott Uranium Miners ETF in the fourth quarter worth $1,854,000. Perigon Wealth Management LLC purchased a new position in shares of Sprott Uranium Miners ETF in the fourth quarter valued at $948,000. Foundations Investment Advisors LLC bought a new stake in shares of Sprott Uranium Miners ETF during the 4th quarter valued at $1,249,000. Brookstone Capital Management raised its stake in shares of Sprott Uranium Miners ETF by 62.3% during the 4th quarter. Brookstone Capital Management now owns 25,732 shares of the company’s stock valued at $1,412,000 after purchasing an additional 9,882 shares during the period. Finally, Trek Financial LLC bought a new stake in shares of Sprott Uranium Miners ETF during the 4th quarter valued at $7,214,000.

Sprott Uranium Miners ETF Stock Performance

Shares of URNM opened at $48.22 on Friday. Sprott Uranium Miners ETF has a 52-week low of $43.10 and a 52-week high of $84.95. The stock’s 50-day simple moving average is $56.41 and its 200 day simple moving average is $63.46. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 7.69 and a beta of 0.91.

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.