VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) Reaches New 52-Week Low – Should You Sell?

VanEck Uranium and Nuclear ETF (NYSEARCA:NLR)’s share price hit a new 52-week low on Wednesday. The company traded as low as $98.75 and last traded at $99.38, with a volume of 376,715 shares trading hands. The stock had previously closed at $100.20.

VanEck Uranium and Nuclear ETF Trading Down 0.8%

The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 26.00 and a beta of 0.88. The company has a fifty day moving average of $112.93 and a 200-day moving average of $121.81.

Hedge Funds Weigh In On VanEck Uranium and Nuclear ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Accel Wealth Management increased its position in shares of VanEck Uranium and Nuclear ETF by 1.7% during the third quarter. Accel Wealth Management now owns 6,458 shares of the company’s stock worth $668,000 after purchasing an additional 105 shares in the last quarter. Paller Financial Services Inc raised its stake in VanEck Uranium and Nuclear ETF by 7.3% in the 3rd quarter. Paller Financial Services Inc now owns 35,597 shares of the company’s stock valued at $3,683,000 after purchasing an additional 2,413 shares during the last quarter. Consolidated Capital Management LLC raised its stake in VanEck Uranium and Nuclear ETF by 2.7% in the 3rd quarter. Consolidated Capital Management LLC now owns 88,616 shares of the company’s stock valued at $9,168,000 after purchasing an additional 2,307 shares during the last quarter. Prism Advisors Inc. raised its stake in VanEck Uranium and Nuclear ETF by 50.2% in the 3rd quarter. Prism Advisors Inc. now owns 118,239 shares of the company’s stock valued at $12,105,000 after purchasing an additional 39,509 shares during the last quarter. Finally, First Heartland Consultants Inc. lifted its holdings in VanEck Uranium and Nuclear ETF by 1.0% in the 3rd quarter. First Heartland Consultants Inc. now owns 9,778 shares of the company’s stock valued at $1,012,000 after purchasing an additional 101 shares in the last quarter.

VanEck Uranium and Nuclear ETF Company Profile

The VanEck Uranium+Nuclear Energy ETF (NLR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of companies in the global nuclear energy industry. NLR was launched on Aug 13, 2007 and is managed by VanEck.