VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) Sets New 52-Week High – Should You Buy?

VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) hit a new 52-week high during trading on Tuesday . The company traded as high as $101.81 and last traded at $101.81, with a volume of 13441 shares trading hands. The stock had previously closed at $96.99.

VanEck Uranium and Nuclear ETF Trading Down 0.2%

The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 17.78 and a beta of 0.59. The stock’s 50 day moving average is $81.79 and its 200 day moving average is $84.40.

Institutional Investors Weigh In On VanEck Uranium and Nuclear ETF

A number of large investors have recently added to or reduced their stakes in NLR. LPL Financial LLC boosted its stake in shares of VanEck Uranium and Nuclear ETF by 88.3% during the 1st quarter. LPL Financial LLC now owns 753,776 shares of the company’s stock worth $55,229,000 after purchasing an additional 353,416 shares during the last quarter. Bank of America Corp DE boosted its position in shares of VanEck Uranium and Nuclear ETF by 374.9% in the fourth quarter. Bank of America Corp DE now owns 519,542 shares of the company’s stock worth $42,260,000 after acquiring an additional 410,153 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of VanEck Uranium and Nuclear ETF by 5.6% in the first quarter. Raymond James Financial Inc. now owns 205,806 shares of the company’s stock worth $15,079,000 after acquiring an additional 10,839 shares during the last quarter. Royal Bank of Canada boosted its position in shares of VanEck Uranium and Nuclear ETF by 60.1% in the first quarter. Royal Bank of Canada now owns 205,128 shares of the company’s stock worth $15,030,000 after acquiring an additional 77,039 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in shares of VanEck Uranium and Nuclear ETF by 244.5% in the first quarter. Jane Street Group LLC now owns 181,432 shares of the company’s stock worth $13,294,000 after acquiring an additional 128,766 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.