Global X Uranium ETF (NYSEARCA:URA) Reaches New 1-Year High – Time to Buy?

Global X Uranium ETF (NYSEARCA:URA) reached a new 52-week high during trading on Tuesday . The stock traded as high as $39.30 and last traded at $38.07, with a volume of 9033712 shares traded. The stock had previously closed at $36.13.

Global X Uranium ETF Stock Up 5.4%

The stock has a market cap of $3.81 billion, a P/E ratio of 20.46 and a beta of 1.05. The firm has a 50 day moving average price of $28.09 and a 200 day moving average price of $27.33.

Institutional Investors Weigh In On Global X Uranium ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC purchased a new position in Global X Uranium ETF during the fourth quarter valued at $486,000. Steward Partners Investment Advisory LLC grew its position in shares of Global X Uranium ETF by 57.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 34,559 shares of the company’s stock valued at $925,000 after purchasing an additional 12,591 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Global X Uranium ETF by 304.2% in the fourth quarter. Allworth Financial LP now owns 1,342 shares of the company’s stock worth $36,000 after purchasing an additional 1,010 shares during the last quarter. Vontobel Holding Ltd. lifted its position in shares of Global X Uranium ETF by 27.6% in the fourth quarter. Vontobel Holding Ltd. now owns 45,455 shares of the company’s stock worth $1,217,000 after buying an additional 9,824 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Global X Uranium ETF by 13.3% during the fourth quarter. Ameriprise Financial Inc. now owns 338,390 shares of the company’s stock valued at $9,061,000 after buying an additional 39,809 shares during the last quarter.

About Global X Uranium ETF

The Global X Uranium ETF (URA) 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 involved in uranium mining and the production of nuclear components. URA was launched on Nov 4, 2010 and is managed by Global X.