VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) Hits New 12-Month Low – Time to Sell?

VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) shares reached a new 52-week low on Thursday. The company traded as low as $91.84 and last traded at $91.2910, with a volume of 74,537 shares traded. The stock had previously closed at $94.31.

VanEck Uranium and Nuclear ETF Stock Performance

The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 26.00 and a beta of 0.88. The business has a 50 day simple moving average of $109.14 and a 200-day simple moving average of $119.74.

Institutional Investors Weigh In On VanEck Uranium and Nuclear ETF

Institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its stake in shares of VanEck Uranium and Nuclear ETF by 32.0% in the first quarter. Bank of America Corp DE now owns 1,148,995 shares of the company’s stock valued at $153,035,000 after buying an additional 278,767 shares during the period. Cetera Investment Advisers lifted its position in shares of VanEck Uranium and Nuclear ETF by 17.5% during the 1st quarter. Cetera Investment Advisers now owns 470,983 shares of the company’s stock valued at $62,730,000 after buying an additional 70,294 shares during the last quarter. Royal Bank of Canada grew its stake in shares of VanEck Uranium and Nuclear ETF by 7.4% during the 1st quarter. Royal Bank of Canada now owns 412,036 shares of the company’s stock worth $54,878,000 after acquiring an additional 28,325 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of VanEck Uranium and Nuclear ETF by 17.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 307,328 shares of the company’s stock worth $35,644,000 after acquiring an additional 45,500 shares during the period. Finally, Private Advisor Group LLC grew its stake in shares of VanEck Uranium and Nuclear ETF by 5.2% during the 1st quarter. Private Advisor Group LLC now owns 147,713 shares of the company’s stock worth $19,674,000 after acquiring an additional 7,238 shares during the period.

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.