VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) Reaches New 12-Month Low – Here’s Why

VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) reached a new 52-week low during trading on Thursday. The stock traded as low as $101.21 and last traded at $101.5410, with a volume of 221,611 shares trading hands. The stock had previously closed at $105.27.

VanEck Uranium and Nuclear ETF Stock Performance

The firm’s 50 day simple moving average is $113.44 and its 200-day simple moving average is $122.37. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 26.00 and a beta of 0.88.

Hedge Funds Weigh In On VanEck Uranium and Nuclear ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Stonebridge Financial Group LLC lifted its stake in shares of VanEck Uranium and Nuclear ETF by 9.4% in the 3rd quarter. Stonebridge Financial Group LLC now owns 63,737 shares of the company’s stock valued at $6,594,000 after purchasing an additional 5,481 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of VanEck Uranium and Nuclear ETF by 12.3% during the 1st quarter. NewEdge Advisors LLC now owns 117,133 shares of the company’s stock worth $15,601,000 after purchasing an additional 12,866 shares during the period. SHP Wealth Management acquired a new stake in shares of VanEck Uranium and Nuclear ETF during the 4th quarter worth about $702,000. Echo45 Advisors LLC increased its position in shares of VanEck Uranium and Nuclear ETF by 28.4% during the 2nd quarter. Echo45 Advisors LLC now owns 25,223 shares of the company’s stock worth $2,925,000 after purchasing an additional 5,577 shares during the last quarter. Finally, Penobscot Wealth Management acquired a new stake in shares of VanEck Uranium and Nuclear ETF during the 1st quarter worth about $1,125,000.

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.