Mountain Lake Investment Management LLC Trims Stake in Sprott Uranium Miners ETF (NYSEARCA:URNM)

Mountain Lake Investment Management LLC lessened its holdings in Sprott Uranium Miners ETF (NYSEARCA:URNM) by 21.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,052 shares of the company’s stock after selling 3,948 shares during the quarter. Sprott Uranium Miners ETF comprises 0.7% of Mountain Lake Investment Management LLC’s portfolio, making the stock its 24th largest position. Mountain Lake Investment Management LLC’s holdings in Sprott Uranium Miners ETF were worth $566,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Truist Financial Corp increased its position in Sprott Uranium Miners ETF by 5.0% during the second quarter. Truist Financial Corp now owns 5,763 shares of the company’s stock valued at $284,000 after acquiring an additional 275 shares during the last quarter. Creative Planning raised its position in shares of Sprott Uranium Miners ETF by 25.7% in the 3rd quarter. Creative Planning now owns 23,455 shares of the company’s stock valued at $1,076,000 after purchasing an additional 4,794 shares during the last quarter. Vontobel Holding Ltd. increased its holdings in Sprott Uranium Miners ETF by 5.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 5,161 shares of the company’s stock worth $237,000 after buying an additional 249 shares during the period. Raymond James & Associates grew its stake in shares of Sprott Uranium Miners ETF by 38.1% during the 3rd quarter. Raymond James & Associates now owns 68,464 shares of the company’s stock worth $3,141,000 after purchasing an additional 18,894 shares during the period. Finally, Glenorchy Capital Ltd grew its stake in shares of Sprott Uranium Miners ETF by 1.3% during the 3rd quarter. Glenorchy Capital Ltd now owns 237,849 shares of the company’s stock worth $10,913,000 after purchasing an additional 3,072 shares during the period.

Sprott Uranium Miners ETF Price Performance

Shares of NYSEARCA:URNM opened at $38.15 on Friday. Sprott Uranium Miners ETF has a 1 year low of $36.91 and a 1 year high of $60.17. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 27.29 and a beta of 1.02. The business’s 50 day moving average price is $41.56 and its 200-day moving average price is $43.83.

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.