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

VanEck Uranium and Nuclear ETF Trading Down 3.7%

The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 26.00 and a beta of 0.88. The firm has a 50-day moving average of $110.25 and a two-hundred day moving average of $120.25.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Brookstone Capital Management boosted its position in VanEck Uranium and Nuclear ETF by 44.0% in the 3rd quarter. Brookstone Capital Management now owns 24,712 shares of the company’s stock valued at $2,557,000 after buying an additional 7,547 shares during the last quarter. Wealth Management Partners LLC acquired a new stake in shares of VanEck Uranium and Nuclear ETF in the 3rd quarter valued at approximately $800,000. USAdvisors Wealth Management LLC raised its position in shares of VanEck Uranium and Nuclear ETF by 27.7% in the 3rd quarter. USAdvisors Wealth Management LLC now owns 4,683 shares of the company’s stock valued at $484,000 after acquiring an additional 1,015 shares during the period. Ironwood Financial llc boosted its stake in VanEck Uranium and Nuclear ETF by 8.9% during the 3rd quarter. Ironwood Financial llc now owns 2,931 shares of the company’s stock worth $303,000 after acquiring an additional 240 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in VanEck Uranium and Nuclear ETF by 0.6% during the 3rd quarter. IFP Advisors Inc now owns 69,167 shares of the company’s stock worth $7,156,000 after acquiring an additional 388 shares during the last quarter.

About VanEck Uranium and Nuclear ETF

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.