VanEck Uranium and Nuclear ETF $NLR Stake Lessened by Valmark Advisers Inc.

Valmark Advisers Inc. lowered its stake in shares of VanEck Uranium and Nuclear ETF (NYSEARCA:NLR) by 98.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,217 shares of the company’s stock after selling 5,048,970 shares during the quarter. Valmark Advisers Inc. owned about 0.17% of VanEck Uranium and Nuclear ETF worth $6,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of NLR. Bank of America Corp DE boosted its position in VanEck Uranium and Nuclear ETF by 32.0% during the 1st quarter. Bank of America Corp DE now owns 1,148,995 shares of the company’s stock valued at $153,035,000 after acquiring an additional 278,767 shares in the last quarter. Cetera Investment Advisers raised its position in shares of VanEck Uranium and Nuclear ETF by 17.5% in the 1st quarter. Cetera Investment Advisers now owns 470,983 shares of the company’s stock worth $62,730,000 after acquiring an additional 70,294 shares in the last quarter. Royal Bank of Canada raised its position in shares of VanEck Uranium and Nuclear ETF by 7.4% in the 1st quarter. Royal Bank of Canada now owns 412,036 shares of the company’s stock worth $54,878,000 after acquiring an additional 28,325 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of VanEck Uranium and Nuclear ETF by 17.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 307,328 shares of the company’s stock valued at $35,644,000 after purchasing an additional 45,500 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of VanEck Uranium and Nuclear ETF by 41.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 153,659 shares of the company’s stock valued at $17,821,000 after purchasing an additional 45,212 shares during the period.

VanEck Uranium and Nuclear ETF Stock Performance

Shares of NYSEARCA NLR traded down $1.06 during mid-day trading on Friday, hitting $88.39. 494,221 shares of the stock traded hands, compared to its average volume of 494,209. VanEck Uranium and Nuclear ETF has a 52 week low of $83.01 and a 52 week high of $165.21. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 26.89 and a beta of 0.91. The stock has a fifty day moving average price of $100.76 and a 200-day moving average price of $122.62.

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.