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

VanEck Uranium and Nuclear ETF (NYSEARCA:NLR)’s share price reached a new 52-week low during trading on Wednesday. The company traded as low as $88.50 and last traded at $88.2050, with a volume of 109,139 shares traded. The stock had previously closed at $90.04.

VanEck Uranium and Nuclear ETF Stock Down 2.0%

The firm’s 50 day simple moving average is $105.64 and its two-hundred day simple moving average is $125.04. The stock has a market cap of $2.96 billion, a P/E ratio of 26.00 and a beta of 0.91.

Institutional Investors Weigh In On VanEck Uranium and Nuclear ETF

A number of institutional investors have recently modified their holdings of NLR. Bank of America Corp DE lifted its holdings in 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 worth $153,035,000 after acquiring an additional 278,767 shares during the last quarter. Cetera Investment Advisers boosted its stake in VanEck Uranium and Nuclear ETF by 17.5% in the first quarter. Cetera Investment Advisers now owns 470,983 shares of the company’s stock valued at $62,730,000 after acquiring an additional 70,294 shares during the period. Royal Bank of Canada grew its holdings in shares of VanEck Uranium and Nuclear ETF by 7.4% during the first quarter. Royal Bank of Canada now owns 412,036 shares of the company’s stock valued at $54,878,000 after purchasing an additional 28,325 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of VanEck Uranium and Nuclear ETF by 17.4% during the second quarter. Envestnet Asset Management Inc. now owns 307,328 shares of the company’s stock valued at $35,644,000 after purchasing an additional 45,500 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of VanEck Uranium and Nuclear ETF by 41.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 153,659 shares of the company’s stock valued at $17,821,000 after purchasing an additional 45,212 shares during the last quarter.

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.