VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) Stock Price Up 6.3% – Still a Buy?

VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) was up 6.3% on Tuesday. The company traded as high as $110.40 and last traded at $110.2680. 259,128 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 488,665 shares. The stock had previously closed at $103.73.

VanEck Uranium and Nuclear ETF Price Performance

The company has a market cap of $3.81 billion, a price-to-earnings ratio of 26.00 and a beta of 0.88. The firm has a fifty day simple moving average of $113.52 and a 200 day simple moving average of $123.07.

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 business. LPL Financial LLC grew its holdings in shares of VanEck Uranium and Nuclear ETF by 20.1% in the 4th quarter. LPL Financial LLC now owns 1,871,939 shares of the company’s stock worth $232,495,000 after purchasing an additional 313,143 shares during the last quarter. Bank of America Corp DE raised its position in shares of 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 valued at $153,035,000 after acquiring an additional 278,767 shares during the last quarter. Cetera Investment Advisers boosted its holdings in 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 buying an additional 70,294 shares during the last quarter. Royal Bank of Canada grew its holdings in 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 valued at $54,878,000 after purchasing an additional 28,325 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in 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 worth $35,644,000 after purchasing an additional 45,500 shares during the period.

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.