Prospera Financial Services Inc Cuts Holdings in Sprott Uranium Miners ETF (NYSEARCA:URNM)

Prospera Financial Services Inc lowered its stake in shares of Sprott Uranium Miners ETF (NYSEARCA:URNM) by 11.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 104,795 shares of the company’s stock after selling 13,762 shares during the period. Prospera Financial Services Inc’s holdings in Sprott Uranium Miners ETF were worth $4,808,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in URNM. International Assets Investment Management LLC increased its stake in Sprott Uranium Miners ETF by 8,026.4% in the third quarter. International Assets Investment Management LLC now owns 146,357 shares of the company’s stock valued at $6,715,000 after acquiring an additional 144,556 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Sprott Uranium Miners ETF by 307.2% in the 1st quarter. Cetera Investment Advisers now owns 71,811 shares of the company’s stock worth $3,540,000 after purchasing an additional 54,176 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of Sprott Uranium Miners ETF by 13.3% in the 2nd quarter. Raymond James & Associates now owns 49,570 shares of the company’s stock worth $2,441,000 after purchasing an additional 5,826 shares in the last quarter. Cetera Advisors LLC bought a new position in shares of Sprott Uranium Miners ETF during the 1st quarter valued at about $250,000. Finally, Creative Planning raised its holdings in shares of Sprott Uranium Miners ETF by 25.7% during the 3rd quarter. Creative Planning now owns 23,455 shares of the company’s stock valued at $1,076,000 after buying an additional 4,794 shares in the last quarter.

Sprott Uranium Miners ETF Price Performance

Shares of URNM opened at $48.98 on Wednesday. Sprott Uranium Miners ETF has a 1 year low of $36.91 and a 1 year high of $60.17. The stock has a 50 day simple moving average of $46.76 and a two-hundred day simple moving average of $47.79. The firm has a market cap of $1.60 billion, a P/E ratio of 27.29 and a beta of 1.02.

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.