VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) Sets New 52-Week High – Should You Buy?

Shares of VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) hit a new 52-week high on Tuesday . The company traded as high as $158.83 and last traded at $155.29, with a volume of 1151468 shares trading hands. The stock had previously closed at $146.60.

VanEck Uranium and Nuclear ETF Price Performance

The firm has a market cap of $3.77 billion, a PE ratio of 26.00 and a beta of 0.60. The business has a fifty day moving average price of $126.73 and a two-hundred day moving average price of $106.04.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Berkshire Money Management Inc. purchased a new position in VanEck Uranium and Nuclear ETF in the second quarter valued at about $33,000. Rosenberg Matthew Hamilton purchased a new position in VanEck Uranium and Nuclear ETF in the second quarter valued at about $33,000. Cheviot Value Management LLC purchased a new position in VanEck Uranium and Nuclear ETF in the second quarter valued at about $40,000. GPS Wealth Strategies Group LLC grew its stake in VanEck Uranium and Nuclear ETF by 62.1% in the second quarter. GPS Wealth Strategies Group LLC now owns 363 shares of the company’s stock valued at $40,000 after purchasing an additional 139 shares in the last quarter. Finally, Nova Wealth Management Inc. purchased a new position in VanEck Uranium and Nuclear ETF in the first quarter valued at about $30,000.

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.