Kercheville Advisors LLC Sells 4,000 Shares of Sprott Uranium Miners ETF (NYSEARCA:URNM)

Kercheville Advisors LLC reduced its holdings in shares of Sprott Uranium Miners ETF (NYSEARCA:URNM) by 35.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,350 shares of the company’s stock after selling 4,000 shares during the period. Kercheville Advisors LLC’s holdings in Sprott Uranium Miners ETF were worth $296,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in URNM. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Sprott Uranium Miners ETF by 145.4% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,227,000 shares of the company’s stock valued at $56,295,000 after purchasing an additional 727,000 shares during the period. Bridgewater Associates LP increased its holdings in shares of Sprott Uranium Miners ETF by 8.5% in the 3rd quarter. Bridgewater Associates LP now owns 239,811 shares of the company’s stock worth $11,003,000 after buying an additional 18,864 shares during the last quarter. Glenorchy Capital Ltd boosted its stake in shares of Sprott Uranium Miners ETF by 1.3% in the 3rd quarter. Glenorchy Capital Ltd now owns 237,849 shares of the company’s stock valued at $10,913,000 after purchasing an additional 3,072 shares in the last quarter. BFI Infinity Ltd. purchased a new stake in shares of Sprott Uranium Miners ETF in the 4th quarter valued at $8,491,000. Finally, HighTower Advisors LLC boosted its position in Sprott Uranium Miners ETF by 1.4% during the 3rd quarter. HighTower Advisors LLC now owns 180,865 shares of the company’s stock valued at $8,295,000 after buying an additional 2,570 shares during the period.

Sprott Uranium Miners ETF Stock Down 1.0 %

Shares of URNM opened at $41.04 on Thursday. Sprott Uranium Miners ETF has a twelve month low of $36.91 and a twelve month high of $60.17. The stock has a market capitalization of $1.34 billion, a P/E ratio of 27.29 and a beta of 1.02. The firm has a fifty day simple moving average of $42.81 and a two-hundred day simple moving average of $44.14.

Sprott Uranium Miners ETF 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.