Northwestern Mutual Wealth Management Co. Reduces Stock Position in VanEck Uranium and Nuclear ETF $NLR

Northwestern Mutual Wealth Management Co. decreased its position in shares of VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) by 43.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 35,041 shares of the company’s stock after selling 26,669 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in VanEck Uranium and Nuclear ETF were worth $4,352,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. WPG Advisers LLC grew its holdings in shares of VanEck Uranium and Nuclear ETF by 700.0% during the fourth quarter. WPG Advisers LLC now owns 200 shares of the company’s stock worth $25,000 after purchasing an additional 175 shares during the last quarter. Pandora Wealth Inc. purchased a new position in shares of VanEck Uranium and Nuclear ETF during the third quarter worth about $31,000. Advantage Trust Co purchased a new position in shares of VanEck Uranium and Nuclear ETF during the fourth quarter worth about $34,000. Bangor Savings Bank purchased a new position in shares of VanEck Uranium and Nuclear ETF during the fourth quarter worth about $35,000. Finally, Sound Income Strategies LLC grew its holdings in shares of VanEck Uranium and Nuclear ETF by 1,325.0% during the fourth quarter. Sound Income Strategies LLC now owns 285 shares of the company’s stock worth $35,000 after purchasing an additional 265 shares during the last quarter.

VanEck Uranium and Nuclear ETF Stock Performance

Shares of NLR stock opened at $130.85 on Monday. The stock’s 50-day moving average is $137.33 and its two-hundred day moving average is $138.02. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 26.00 and a beta of 0.85. VanEck Uranium and Nuclear ETF has a 1 year low of $92.25 and a 1 year high of $168.12.

VanEck Uranium and Nuclear ETF 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.