VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) Shares Climb 6.3% – Should You Buy?

VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) rose 6.3% during mid-day trading on Tuesday. The company traded as high as $110.40 and last traded at $110.2680. Approximately 259,128 shares changed hands during trading, a decline of 47% from the average session volume of 488,665 shares. The stock had previously closed at $103.73.

VanEck Uranium and Nuclear ETF Price Performance

The stock has a market cap of $3.81 billion, a P/E ratio of 26.00 and a beta of 0.88. The stock’s 50 day simple moving average is $113.52 and its two-hundred day simple moving average is $123.07.

Hedge Funds Weigh In On VanEck Uranium and Nuclear ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC increased its holdings in VanEck Uranium and Nuclear ETF by 20.1% during the 4th quarter. LPL Financial LLC now owns 1,871,939 shares of the company’s stock worth $232,495,000 after purchasing an additional 313,143 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of VanEck Uranium and Nuclear ETF by 32.0% in the first quarter. Bank of America Corp DE now owns 1,148,995 shares of the company’s stock valued at $153,035,000 after purchasing an additional 278,767 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of VanEck Uranium and Nuclear ETF by 17.5% during the first quarter. Cetera Investment Advisers now owns 470,983 shares of the company’s stock worth $62,730,000 after buying an additional 70,294 shares during the period. Royal Bank of Canada boosted its position in shares of VanEck Uranium and Nuclear ETF by 7.4% during the first quarter. Royal Bank of Canada now owns 412,036 shares of the company’s stock worth $54,878,000 after buying an additional 28,325 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of VanEck Uranium and Nuclear ETF by 17.4% during the second quarter. Envestnet Asset Management Inc. now owns 307,328 shares of the company’s stock worth $35,644,000 after buying an additional 45,500 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.