Echo45 Advisors LLC Makes New Investment in VanEck Uranium and Nuclear ETF $NLR

Echo45 Advisors LLC bought a new position in shares of VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) in the 4th quarter, Holdings Channel reports. The institutional investor bought 19,442 shares of the company’s stock, valued at approximately $2,415,000. VanEck Uranium and Nuclear ETF accounts for about 1.4% of Echo45 Advisors LLC’s holdings, making the stock its 21st largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Adirondack Trust Co. lifted its stake in VanEck Uranium and Nuclear ETF by 6.7% during the fourth quarter. Adirondack Trust Co. now owns 1,192 shares of the company’s stock worth $148,000 after purchasing an additional 75 shares during the last quarter. Flagstar Advisors Inc. lifted its stake in VanEck Uranium and Nuclear ETF by 5.6% during the fourth quarter. Flagstar Advisors Inc. now owns 1,979 shares of the company’s stock worth $246,000 after purchasing an additional 105 shares during the last quarter. Nova Wealth Management Inc. lifted its stake in VanEck Uranium and Nuclear ETF by 28.5% during the fourth quarter. Nova Wealth Management Inc. now owns 527 shares of the company’s stock worth $65,000 after purchasing an additional 117 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in VanEck Uranium and Nuclear ETF by 3.4% during the third quarter. Chicago Partners Investment Group LLC now owns 3,657 shares of the company’s stock worth $496,000 after purchasing an additional 120 shares during the last quarter. Finally, Castle Rock Wealth Management LLC lifted its stake in VanEck Uranium and Nuclear ETF by 7.9% during the fourth quarter. Castle Rock Wealth Management LLC now owns 1,854 shares of the company’s stock worth $230,000 after purchasing an additional 135 shares during the last quarter.

VanEck Uranium and Nuclear ETF Price Performance

NYSEARCA NLR opened at $129.95 on Friday. VanEck Uranium and Nuclear ETF has a fifty-two week low of $86.30 and a fifty-two week high of $168.12. The stock has a market capitalization of $4.62 billion, a PE ratio of 26.00 and a beta of 0.85. The business has a fifty day moving average price of $137.54 and a two-hundred day moving average price of $138.14.

VanEck Uranium and Nuclear ETF 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.