VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) Reaches New 12-Month Low – Should You Sell?

VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) shares reached a new 52-week low on Thursday. The stock traded as low as $91.84 and last traded at $91.2910, with a volume of 74,537 shares traded. The stock had previously closed at $94.31.

VanEck Uranium and Nuclear ETF Price Performance

The business’s 50-day moving average price is $110.25 and its two-hundred day moving average price is $120.25. The company has a market capitalization of $3.08 billion, a P/E ratio of 26.00 and a beta of 0.88.

Institutional Trading of VanEck Uranium and Nuclear ETF

Hedge funds have recently added to or reduced their stakes in the business. IMC Chicago LLC lifted its holdings in VanEck Uranium and Nuclear ETF by 101.5% during the second quarter. IMC Chicago LLC now owns 15,482 shares of the company’s stock worth $1,796,000 after acquiring an additional 1,067,228 shares in the last quarter. Bank of America Corp DE increased its holdings in VanEck Uranium and Nuclear ETF by 32.0% during the 1st quarter. Bank of America Corp DE now owns 1,148,995 shares of the company’s stock worth $153,035,000 after purchasing an additional 278,767 shares in the last quarter. Cetera Investment Advisers boosted its position in VanEck Uranium and Nuclear ETF by 17.5% during the 1st quarter. Cetera Investment Advisers now owns 470,983 shares of the company’s stock worth $62,730,000 after acquiring an additional 70,294 shares during the last quarter. Kozak & Associates Inc. bought a new position in shares of VanEck Uranium and Nuclear ETF during the 2nd quarter worth approximately $7,723,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of VanEck Uranium and Nuclear ETF by 17.4% in the second quarter. Envestnet Asset Management Inc. now owns 307,328 shares of the company’s stock valued at $35,644,000 after purchasing an additional 45,500 shares during the last quarter.

About VanEck Uranium and Nuclear ETF

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.