Envestnet Asset Management Inc. Reduces Holdings in Sprott Uranium Miners ETF (NYSEARCA:URNM)

Envestnet Asset Management Inc. lowered its holdings in shares of Sprott Uranium Miners ETF (NYSEARCA:URNM) by 27.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,234 shares of the company’s stock after selling 22,963 shares during the period. Envestnet Asset Management Inc. owned about 0.18% of Sprott Uranium Miners ETF worth $2,428,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of URNM. LFA Lugano Financial Advisors SA purchased a new stake in Sprott Uranium Miners ETF in the 4th quarter valued at approximately $37,000. US Bancorp DE lifted its position in shares of Sprott Uranium Miners ETF by 17.9% in the fourth quarter. US Bancorp DE now owns 2,358 shares of the company’s stock valued at $95,000 after acquiring an additional 358 shares in the last quarter. Spire Wealth Management purchased a new stake in Sprott Uranium Miners ETF during the 4th quarter worth about $115,000. Orion Portfolio Solutions LLC acquired a new position in Sprott Uranium Miners ETF in the 4th quarter valued at about $216,000. Finally, Ausdal Financial Partners Inc. lifted its holdings in Sprott Uranium Miners ETF by 12.9% in the 4th quarter. Ausdal Financial Partners Inc. now owns 5,578 shares of the company’s stock valued at $225,000 after purchasing an additional 637 shares in the last quarter.

Sprott Uranium Miners ETF Price Performance

Shares of NYSEARCA URNM opened at $33.97 on Friday. The company has a 50-day simple moving average of $33.06 and a 200-day simple moving average of $40.48. The company has a market cap of $1.29 billion, a PE ratio of 6.25 and a beta of 1.17. Sprott Uranium Miners ETF has a 12 month low of $27.60 and a 12 month high of $60.17.

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.