Sprott Uranium Miners ETF (NYSEARCA:URNM) Trading 7.6% Higher – Should You Buy?

Sprott Uranium Miners ETF (NYSEARCA:URNM)’s share price rose 7.6% during mid-day trading on Wednesday . The company traded as high as $82.56 and last traded at $83.3370. Approximately 1,947,565 shares traded hands during mid-day trading, an increase of 60% from the average daily volume of 1,217,763 shares. The stock had previously closed at $77.42.

Sprott Uranium Miners ETF Stock Up 8.5%

The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 7.69 and a beta of 1.00. The stock’s 50-day simple moving average is $60.16 and its two-hundred day simple moving average is $56.31.

Sprott Uranium Miners ETF Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, December 22nd. Shareholders 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.

Institutional Trading of Sprott Uranium Miners ETF

A number of institutional investors have recently made changes to their positions in URNM. Anatole Investment Management Ltd lifted its holdings in Sprott Uranium Miners ETF by 61.1% in the 3rd quarter. Anatole Investment Management Ltd now owns 1,363,508 shares of the company’s stock valued at $82,397,000 after purchasing an additional 517,208 shares in the last quarter. Group One Trading LLC lifted its stake in shares of 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 worth $10,928,000 after buying an additional 113,699 shares in the last quarter. Trek Financial LLC acquired a new position in Sprott Uranium Miners ETF during the second quarter worth about $8,771,000. Marks Wealth LLC purchased a new stake in Sprott Uranium Miners ETF during the 3rd quarter valued at about $9,581,000. Finally, Fielder Capital Group LLC grew its stake in Sprott Uranium Miners ETF by 17.9% during the 3rd quarter. Fielder Capital Group LLC now owns 142,188 shares of the company’s stock valued at $8,592,000 after acquiring an additional 21,552 shares in 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.