Penobscot Wealth Management Invests $1.12 Million in VanEck Uranium and Nuclear ETF $NLR

Penobscot Wealth Management acquired a new position in VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) during the 1st quarter, Holdings Channel reports. The fund acquired 8,444 shares of the company’s stock, valued at approximately $1,125,000.

Other large investors have also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings in shares of 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 purchasing an additional 313,143 shares in the last quarter. Raymond James Financial Inc. lifted its stake in VanEck Uranium and Nuclear ETF by 89.6% in the 3rd quarter. Raymond James Financial Inc. now owns 439,573 shares of the company’s stock valued at $59,628,000 after buying an additional 207,770 shares in the last quarter. Bank of America Corp DE grew its holdings in VanEck Uranium and Nuclear ETF by 29.9% during the 3rd quarter. Bank of America Corp DE now owns 820,187 shares of the company’s stock valued at $111,258,000 after buying an additional 188,704 shares during the last quarter. Morgan Stanley grew its holdings in VanEck Uranium and Nuclear ETF by 17.4% during the 4th quarter. Morgan Stanley now owns 1,133,847 shares of the company’s stock valued at $140,824,000 after buying an additional 168,224 shares during the last quarter. Finally, Bouchey Financial Group Ltd purchased a new position in VanEck Uranium and Nuclear ETF during the fourth quarter worth $16,365,000.

VanEck Uranium and Nuclear ETF Stock Down 1.7%

NYSEARCA NLR opened at $117.39 on Friday. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 26.00 and a beta of 0.81. VanEck Uranium and Nuclear ETF has a fifty-two week low of $104.05 and a fifty-two week high of $168.12. The business has a fifty day moving average of $133.39 and a 200-day moving average of $137.15.

VanEck Uranium and Nuclear ETF 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.