Nwam LLC Invests $2.41 Million in Sprott Nickel Miners ETF $NIKL

Nwam LLC acquired a new position in Sprott Nickel Miners ETF (NASDAQ:NIKL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 153,385 shares of the company’s stock, valued at approximately $2,413,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NIKL. Jane Street Group LLC purchased a new stake in shares of Sprott Nickel Miners ETF in the second quarter worth $725,000. CENTRAL TRUST Co bought a new position in shares of Sprott Nickel Miners ETF during the fourth quarter worth $353,000. Finally, Vanguard Capital Wealth Advisors bought a new position in shares of Sprott Nickel Miners ETF during the fourth quarter worth $322,000.

Sprott Nickel Miners ETF Stock Performance

Shares of NASDAQ:NIKL opened at $17.08 on Monday. The firm has a fifty day moving average price of $16.95 and a 200 day moving average price of $16.40. Sprott Nickel Miners ETF has a fifty-two week low of $9.88 and a fifty-two week high of $21.85. The firm has a market cap of $75.84 million, a price-to-earnings ratio of 18.88 and a beta of 0.89.

Sprott Nickel Miners ETF Company Profile

The Sprott Nickel Miners ETF (NIKL) is an exchange-traded fund that is based on the Nasdaq Sprott Nickel Miners index. The fund tracks an index of nickel related companies around the globe. Securities are selected based on revenue and weighted by market-cap. NIKL was launched on Mar 21, 2023 and is issued by Sprott.