Sprott Uranium Miners ETF (NYSEARCA:URNM) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its stake in Sprott Uranium Miners ETF (NYSEARCA:URNM) by 14.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,020,487 shares of the company’s stock after selling 171,090 shares during the period. JPMorgan Chase & Co. owned about 3.13% of Sprott Uranium Miners ETF worth $46,820,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Global Trust Asset Management LLC bought a new position in Sprott Uranium Miners ETF during the 3rd quarter worth approximately $28,000. Capital Performance Advisors LLP acquired a new stake in shares of Sprott Uranium Miners ETF during the 3rd quarter valued at approximately $65,000. Chicago Partners Investment Group LLC acquired a new stake in shares of Sprott Uranium Miners ETF during the 3rd quarter valued at approximately $209,000. Ausdal Financial Partners Inc. bought a new position in Sprott Uranium Miners ETF during the second quarter worth $222,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Sprott Uranium Miners ETF by 98.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,748 shares of the company’s stock worth $234,000 after purchasing an additional 2,356 shares during the period.

Sprott Uranium Miners ETF Stock Performance

Shares of NYSEARCA:URNM opened at $43.48 on Monday. The company’s fifty day moving average is $45.23 and its two-hundred day moving average is $45.44. Sprott Uranium Miners ETF has a 1-year low of $36.91 and a 1-year high of $60.17. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 27.29 and a beta of 1.02.

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.