VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) Hits New 1-Year Low – Should You Sell?

VanEck Uranium and Nuclear ETF (NYSEARCA:NLR)’s stock price reached a new 52-week low during mid-day trading on Wednesday. The stock 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 Price Performance

The stock has a fifty day moving average price of $104.15 and a 200 day moving average price of $124.43. The stock has a market capitalization of $2.98 billion, a P/E ratio of 26.89 and a beta of 0.90.

Institutional Trading of VanEck Uranium and Nuclear ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in NLR. Allworth Financial LP lifted its holdings in VanEck Uranium and Nuclear ETF by 6.5% in the 3rd quarter. Allworth Financial LP now owns 3,271 shares of the company’s stock worth $338,000 after buying an additional 200 shares during the period. Nikulski Financial Inc. increased its stake in shares of VanEck Uranium and Nuclear ETF by 18.4% during the third quarter. Nikulski Financial Inc. now owns 15,213 shares of the company’s stock valued at $1,574,000 after buying an additional 2,366 shares during the period. Fifth Third Bancorp increased its stake in shares of VanEck Uranium and Nuclear ETF by 26.2% during the third quarter. Fifth Third Bancorp now owns 16,363 shares of the company’s stock valued at $1,693,000 after buying an additional 3,393 shares during the period. Moneco Advisors LLC increased its stake in shares of VanEck Uranium and Nuclear ETF by 3.9% during the third quarter. Moneco Advisors LLC now owns 34,910 shares of the company’s stock valued at $3,612,000 after buying an additional 1,314 shares during the period. Finally, Cornerstone Wealth Management LLC raised its holdings in shares of VanEck Uranium and Nuclear ETF by 13.0% during the third quarter. Cornerstone Wealth Management LLC now owns 23,379 shares of the company’s stock valued at $2,419,000 after acquiring an additional 2,681 shares in 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.