VanEck Uranium+Nuclear Energy ETF (NYSEARCA:NLR) Sets New 52-Week Low – What’s Next?

VanEck Uranium+Nuclear Energy ETF (NYSEARCA:NLR) reached a new 52-week low on Friday . The company traded as low as $67.11 and last traded at $67.17, with a volume of 81422 shares trading hands. The stock had previously closed at $72.55.

VanEck Uranium+Nuclear Energy ETF Trading Down 6.6 %

The firm has a market cap of $912.32 million, a price-to-earnings ratio of 16.41 and a beta of 0.65. The company has a fifty day moving average price of $81.92 and a 200-day moving average price of $86.06.

Institutional Investors Weigh In On VanEck Uranium+Nuclear Energy ETF

Several hedge funds have recently bought and sold shares of NLR. SOA Wealth Advisors LLC. purchased a new position in shares of VanEck Uranium+Nuclear Energy ETF during the 4th quarter valued at approximately $28,000. Geneos Wealth Management Inc. grew its position in VanEck Uranium+Nuclear Energy ETF by 150.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 391 shares of the company’s stock valued at $32,000 after buying an additional 235 shares during the period. CIBC Private Wealth Group LLC purchased a new position in VanEck Uranium+Nuclear Energy ETF in the fourth quarter valued at $34,000. Bank of Montreal Can raised its position in shares of VanEck Uranium+Nuclear Energy ETF by 107.4% in the fourth quarter. Bank of Montreal Can now owns 419 shares of the company’s stock worth $34,000 after acquiring an additional 217 shares during the period. Finally, New Wave Wealth Advisors LLC acquired a new position in shares of VanEck Uranium+Nuclear Energy ETF in the fourth quarter worth about $36,000.

VanEck Uranium+Nuclear Energy 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.