Acorn Financial Advisory Services Inc. ADV Invests $13.26 Million in Sprott Uranium Miners ETF $URNM

Acorn Financial Advisory Services Inc. ADV purchased a new position in Sprott Uranium Miners ETF (NYSEARCA:URNM) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 209,939 shares of the company’s stock, valued at approximately $13,258,000. Sprott Uranium Miners ETF accounts for about 1.8% of Acorn Financial Advisory Services Inc. ADV’s holdings, making the stock its 17th largest holding.

Several other large investors also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC bought a new stake in Sprott Uranium Miners ETF during the 1st quarter valued at $204,000. Corecam AG grew its stake in Sprott Uranium Miners ETF by 26.0% in the first quarter. Corecam AG now owns 70,560 shares of the company’s stock valued at $4,445,000 after purchasing an additional 14,560 shares during the last quarter. Longview Financial Advisors Inc. bought a new position in Sprott Uranium Miners ETF in the first quarter worth about $32,000. One Plus One Wealth Management LLC raised its holdings in Sprott Uranium Miners ETF by 53.3% in the first quarter. One Plus One Wealth Management LLC now owns 120,905 shares of the company’s stock worth $7,635,000 after purchasing an additional 42,062 shares in the last quarter. Finally, AdvisorNet Financial Inc lifted its position in shares of Sprott Uranium Miners ETF by 32.4% during the first quarter. AdvisorNet Financial Inc now owns 4,853 shares of the company’s stock valued at $306,000 after buying an additional 1,188 shares during the last quarter.

Sprott Uranium Miners ETF Stock Down 1.0%

Shares of Sprott Uranium Miners ETF stock opened at $52.59 on Wednesday. The firm’s 50 day moving average price is $60.61 and its 200-day moving average price is $63.91. Sprott Uranium Miners ETF has a 52-week low of $43.10 and a 52-week high of $84.95. The company has a market cap of $1.90 billion, a P/E ratio of 7.69 and a beta of 0.88.

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.