VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) Sets New 52-Week Low – Here’s Why

Shares of VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) reached a new 52-week low on Thursday. The stock traded as low as $101.77 and last traded at $102.0570, with a volume of 114538 shares. The stock had previously closed at $103.46.

VanEck Uranium and Nuclear ETF Price Performance

The business has a 50 day simple moving average of $113.92 and a 200-day simple moving average of $123.81. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 26.00 and a beta of 0.86.

Hedge Funds Weigh In On VanEck Uranium and Nuclear ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. LPL Financial LLC lifted its stake in VanEck Uranium and Nuclear ETF by 20.1% in the fourth quarter. LPL Financial LLC now owns 1,871,939 shares of the company’s stock valued at $232,495,000 after buying an additional 313,143 shares in the last quarter. Bank of America Corp DE increased its position in shares of VanEck Uranium and Nuclear ETF by 32.0% during the first quarter. Bank of America Corp DE now owns 1,148,995 shares of the company’s stock worth $153,035,000 after acquiring an additional 278,767 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of VanEck Uranium and Nuclear ETF by 17.5% during the first 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 period. Royal Bank of Canada raised its holdings in shares of VanEck Uranium and Nuclear ETF by 7.4% during the first quarter. Royal Bank of Canada now owns 412,036 shares of the company’s stock worth $54,878,000 after acquiring an additional 28,325 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of VanEck Uranium and Nuclear ETF by 17.4% during the second quarter. Envestnet Asset Management Inc. now owns 307,328 shares of the company’s stock worth $35,644,000 after acquiring an additional 45,500 shares during the period.

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.