VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) Hits New 52-Week Low – Time to Sell?

VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) shares reached a new 52-week low on Thursday. The stock traded as low as $101.21 and last traded at $101.5410, with a volume of 221611 shares traded. The stock had previously closed at $105.27.

VanEck Uranium and Nuclear ETF Trading Down 3.6%

The company has a fifty day moving average of $113.63 and a 200-day moving average of $122.68. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 26.00 and a beta of 0.88.

Institutional Trading of VanEck Uranium and Nuclear ETF

Large investors have recently made changes to their positions in the company. Echo45 Advisors LLC raised its stake in VanEck Uranium and Nuclear ETF by 7.1% in the 3rd quarter. Echo45 Advisors LLC now owns 27,024 shares of the company’s stock valued at $2,796,000 after purchasing an additional 1,801 shares during the last quarter. Polaris Financial Partners purchased a new position in VanEck Uranium and Nuclear ETF in the 3rd quarter valued at $91,000. CX Institutional boosted its stake in VanEck Uranium and Nuclear ETF by 40.1% during the 3rd quarter. CX Institutional now owns 49,067 shares of the company’s stock worth $5,076,000 after purchasing an additional 14,046 shares during the last quarter. GoalVest Advisory LLC boosted its stake in VanEck Uranium and Nuclear ETF by 513.9% during the 3rd quarter. GoalVest Advisory LLC now owns 36,061 shares of the company’s stock worth $3,731,000 after purchasing an additional 30,187 shares during the last quarter. Finally, Global Wealth Strategies & Associates grew its holdings in shares of VanEck Uranium and Nuclear ETF by 8.7% during the third quarter. Global Wealth Strategies & Associates now owns 21,266 shares of the company’s stock worth $2,200,000 after buying an additional 1,707 shares in 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.