Glenorchy Capital Ltd Invests $10.86 Million in Sprott Uranium Miners ETF (NYSEARCA:URNM)

Glenorchy Capital Ltd acquired a new position in Sprott Uranium Miners ETF (NYSEARCA:URNM) during the fourth quarter, Holdings Channel reports. The firm acquired 224,954 shares of the company’s stock, valued at approximately $10,859,000. Sprott Uranium Miners ETF makes up approximately 4.2% of Glenorchy Capital Ltd’s holdings, making the stock its biggest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Anchor Investment Management LLC purchased a new stake in shares of Sprott Uranium Miners ETF during the fourth quarter valued at $35,000. Trivant Custom Portfolio Group LLC purchased a new stake in shares of Sprott Uranium Miners ETF during the third quarter valued at $42,000. SRS Capital Advisors Inc. purchased a new stake in shares of Sprott Uranium Miners ETF during the third quarter valued at $88,000. National Bank of Canada FI purchased a new stake in shares of Sprott Uranium Miners ETF during the third quarter valued at $91,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Sprott Uranium Miners ETF by 78.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,171 shares of the company’s stock valued at $198,000 after purchasing an additional 1,834 shares during the last quarter.

Sprott Uranium Miners ETF Stock Up 1.0 %

Shares of NYSEARCA URNM traded up $0.49 during mid-day trading on Tuesday, hitting $50.34. 207,729 shares of the company traded hands, compared to its average volume of 736,565. Sprott Uranium Miners ETF has a 1 year low of $28.79 and a 1 year high of $58.96. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 26.97 and a beta of 0.95. The business has a 50 day moving average of $50.05 and a two-hundred day moving average of $49.45.

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.