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

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

VanEck Uranium and Nuclear ETF Price Performance

The company’s 50 day simple moving average is $124.74 and its 200 day simple moving average is $135.57. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 26.00 and a beta of 0.83.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Collaborative Wealth Managment Inc. grew its stake in shares of VanEck Uranium and Nuclear ETF by 2.2% during the fourth quarter. Collaborative Wealth Managment Inc. now owns 3,213 shares of the company’s stock worth $399,000 after purchasing an additional 68 shares in the last quarter. Financial Freedom LLC raised its stake in VanEck Uranium and Nuclear ETF by 11.8% in the first quarter. Financial Freedom LLC now owns 681 shares of the company’s stock valued at $91,000 after buying an additional 72 shares in the last quarter. Adirondack Trust Co. lifted its holdings in VanEck Uranium and Nuclear ETF by 6.7% during the 4th quarter. Adirondack Trust Co. now owns 1,192 shares of the company’s stock worth $148,000 after buying an additional 75 shares during the last quarter. Beaumont Financial Advisors LLC lifted its holdings in VanEck Uranium and Nuclear ETF by 0.7% during the 1st quarter. Beaumont Financial Advisors LLC now owns 12,065 shares of the company’s stock worth $1,607,000 after buying an additional 80 shares during the last quarter. Finally, Berger Financial Group Inc lifted its holdings in VanEck Uranium and Nuclear ETF by 1.8% during the 1st quarter. Berger Financial Group Inc now owns 4,775 shares of the company’s stock worth $636,000 after buying an additional 84 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.