Sprott Uranium Miners ETF (NYSEARCA:URNM) Hits New 1-Year High – Still a Buy?

Shares of Sprott Uranium Miners ETF (NYSEARCA:URNM) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $80.39 and last traded at $73.69, with a volume of 2479931 shares changing hands. The stock had previously closed at $75.95.

Sprott Uranium Miners ETF Stock Down 3.0%

The stock has a 50-day moving average price of $59.68 and a 200 day moving average price of $56.08. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 7.69 and a beta of 1.00.

Sprott Uranium Miners ETF Dividend Announcement

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

Hedge Funds Weigh In On Sprott Uranium Miners ETF

Several large investors have recently bought and sold shares of URNM. Anatole Investment Management Ltd purchased a new stake in Sprott Uranium Miners ETF during the 2nd quarter worth about $40,563,000. Trek Financial LLC acquired a new stake in shares of Sprott Uranium Miners ETF during the 2nd quarter worth about $8,771,000. Marks Wealth LLC purchased a new stake in Sprott Uranium Miners ETF during the third quarter worth approximately $9,581,000. Group One Trading LLC boosted its holdings in Sprott Uranium Miners ETF by 99.5% in the second quarter. Group One Trading LLC now owns 227,989 shares of the company’s stock valued at $10,928,000 after purchasing an additional 113,699 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Sprott Uranium Miners ETF by 122.6% in the third quarter. Thrivent Financial for Lutherans now owns 122,356 shares of the company’s stock valued at $7,394,000 after purchasing an additional 67,389 shares during the last quarter.

Sprott Uranium Miners ETF Company 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.