Kercheville Advisors LLC Cuts Stock Position in Sprott Uranium Miners ETF (NYSEARCA:URNM)

Kercheville Advisors LLC trimmed its holdings in shares of Sprott Uranium Miners ETF (NYSEARCA:URNM) by 44.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,350 shares of the company’s stock after selling 8,925 shares during the period. Kercheville Advisors LLC’s holdings in Sprott Uranium Miners ETF were worth $521,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of URNM. Global Trust Asset Management LLC purchased a new position in Sprott Uranium Miners ETF during the third quarter valued at $28,000. International Assets Investment Management LLC bought a new stake in shares of Sprott Uranium Miners ETF in the second quarter worth approximately $89,000. ORG Partners LLC purchased a new stake in Sprott Uranium Miners ETF during the 2nd quarter valued at $132,000. Ausdal Financial Partners Inc. purchased a new stake in Sprott Uranium Miners ETF during the 2nd quarter valued at $222,000. Finally, Pasadena Private Wealth LLC purchased a new position in shares of Sprott Uranium Miners ETF in the 2nd quarter worth $233,000.

Sprott Uranium Miners ETF Trading Down 1.3 %

URNM opened at $49.44 on Monday. Sprott Uranium Miners ETF has a 12-month low of $36.91 and a 12-month high of $60.17. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 27.29 and a beta of 1.02. The company’s 50 day moving average is $44.65 and its 200 day moving average is $48.31.

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.