Pettinga Financial Advisors LLC Reduces Position in Sprott Uranium Miners ETF $URNM

Pettinga Financial Advisors LLC trimmed its position in Sprott Uranium Miners ETF (NYSEARCA:URNM) by 25.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,341 shares of the company’s stock after selling 9,253 shares during the quarter. Pettinga Financial Advisors LLC owned approximately 0.08% of Sprott Uranium Miners ETF worth $1,652,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Anatole Investment Management Ltd acquired a new stake in Sprott Uranium Miners ETF in the second quarter valued at $40,563,000. Group One Trading LLC increased its holdings in shares of Sprott Uranium Miners ETF by 99.5% in the 2nd quarter. Group One Trading LLC now owns 227,989 shares of the company’s stock valued at $10,928,000 after acquiring an additional 113,699 shares during the last quarter. Trek Financial LLC purchased a new position in shares of Sprott Uranium Miners ETF in the 2nd quarter valued at about $8,771,000. Prospera Financial Services Inc raised its position in shares of Sprott Uranium Miners ETF by 15.3% during the 2nd quarter. Prospera Financial Services Inc now owns 114,137 shares of the company’s stock worth $5,470,000 after acquiring an additional 15,185 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Sprott Uranium Miners ETF by 6.4% during 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 Stock Up 10.1%

Shares of URNM opened at $60.45 on Friday. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 7.69 and a beta of 1.00. Sprott Uranium Miners ETF has a 52-week low of $27.60 and a 52-week high of $68.55. The stock has a 50 day moving average price of $56.62 and a 200 day moving average price of $53.62.

Sprott Uranium Miners ETF Dividend Announcement

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

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.