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

VanEck Uranium and Nuclear ETF (NYSEARCA:NLR)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $106.01 and last traded at $106.44, with a volume of 54890 shares traded. The stock had previously closed at $109.38.

VanEck Uranium and Nuclear ETF Stock Down 3.4%

The firm has a 50-day moving average price of $124.74 and a 200 day moving average price of $135.57. The firm has a market capitalization of $3.82 billion, a PE ratio of 26.00 and a beta of 0.83.

Hedge Funds Weigh In On VanEck Uranium and Nuclear ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its stake in VanEck Uranium and Nuclear ETF by 468.3% during the first quarter. Goldman Sachs Group Inc. now owns 36,764 shares of the company’s stock worth $2,694,000 after purchasing an additional 30,295 shares during the period. Empowered Funds LLC purchased a new position in shares of VanEck Uranium and Nuclear ETF in the first quarter valued at approximately $653,000. JPMorgan Chase & Co. boosted its stake in shares of VanEck Uranium and Nuclear ETF by 197.5% in the second quarter. JPMorgan Chase & Co. now owns 592 shares of the company’s stock valued at $66,000 after purchasing an additional 393 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of VanEck Uranium and Nuclear ETF by 60.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,100 shares of the company’s stock valued at $122,000 after purchasing an additional 413 shares in the last quarter. Finally, Walleye Capital LLC acquired a new position in shares of VanEck Uranium and Nuclear ETF in the second quarter valued at approximately $440,000.

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.