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

Shares of VanEck Uranium and Nuclear ETF (NYSEARCA:NLRGet Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as $106.01 and last traded at $106.44, with a volume of 54890 shares. The stock had previously closed at $109.38.

VanEck Uranium and Nuclear ETF Price Performance

The firm’s 50-day simple moving average is $123.21 and its two-hundred day simple moving average is $135.19. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 26.00 and a beta of 0.83.

Hedge Funds Weigh In On VanEck Uranium and Nuclear ETF

Several hedge funds and other institutional investors have recently bought and sold shares of NLR. Accel Wealth Management grew its holdings in VanEck Uranium and Nuclear ETF by 29.1% in the second quarter. Accel Wealth Management now owns 6,353 shares of the company’s stock valued at $737,000 after purchasing an additional 1,432 shares during the last quarter. Clarus Wealth Advisors boosted its position in shares of VanEck Uranium and Nuclear ETF by 28.4% in the 2nd quarter. Clarus Wealth Advisors now owns 14,924 shares of the company’s stock worth $1,658,000 after buying an additional 3,297 shares in the last quarter. Spinnaker Investment Group LLC boosted its position in shares of VanEck Uranium and Nuclear ETF by 31.6% in the 2nd quarter. Spinnaker Investment Group LLC now owns 6,638 shares of the company’s stock worth $770,000 after buying an additional 1,593 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its position in shares of VanEck Uranium and Nuclear ETF by 12.2% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 5,996 shares of the company’s stock worth $695,000 after buying an additional 653 shares in the last quarter. Finally, Ferguson Shapiro LLC acquired a new stake in VanEck Uranium and Nuclear ETF in the 2nd quarter valued at about $2,043,000.

About VanEck Uranium and Nuclear ETF

(Get Free Report)

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.

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