CMC Financial Group Decreases Stock Holdings in Sprott Uranium Miners ETF (NYSEARCA:URNM)

CMC Financial Group lowered its stake in Sprott Uranium Miners ETF (NYSEARCA:URNM) by 42.6% during the fourth quarter, Holdings Channel reports. The firm owned 60,427 shares of the company’s stock after selling 44,766 shares during the period. Sprott Uranium Miners ETF makes up approximately 5.2% of CMC Financial Group’s investment portfolio, making the stock its 5th biggest position. CMC Financial Group’s holdings in Sprott Uranium Miners ETF were worth $2,436,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of URNM. Thrivent Financial for Lutherans bought a new position in shares of Sprott Uranium Miners ETF in the third quarter worth $1,719,000. Larson Financial Group LLC boosted its stake in Sprott Uranium Miners ETF by 25.8% in the third quarter. Larson Financial Group LLC now owns 5,790 shares of the company’s stock valued at $266,000 after buying an additional 1,186 shares in the last quarter. Mirabella Financial Services LLP acquired a new stake in Sprott Uranium Miners ETF in the third quarter valued at about $5,037,000. Bridgewater Associates LP boosted its stake in Sprott Uranium Miners ETF by 8.5% in the third quarter. Bridgewater Associates LP now owns 239,811 shares of the company’s stock valued at $11,003,000 after buying an additional 18,864 shares in the last quarter. Finally, Crawford Fund Management LLC acquired a new stake in Sprott Uranium Miners ETF in the third quarter valued at about $8,263,000.

Sprott Uranium Miners ETF Stock Down 2.1 %

NYSEARCA:URNM opened at $35.45 on Monday. The stock’s 50-day simple moving average is $38.05 and its 200 day simple moving average is $42.73. The firm has a market capitalization of $1.30 billion, a PE ratio of 6.85 and a beta of 1.14. Sprott Uranium Miners ETF has a twelve month low of $31.93 and a twelve 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.