Global X Uranium ETF (NYSEARCA:URA) Hits New 12-Month Low – What’s Next?

Shares of Global X Uranium ETF (NYSEARCA:URA) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $22.78 and last traded at $22.85, with a volume of 3013220 shares. The stock had previously closed at $23.94.

Global X Uranium ETF Trading Up 0.8 %

The stock has a market capitalization of $2.90 billion, a PE ratio of 20.35 and a beta of 1.00. The stock has a 50 day moving average price of $27.36 and a 200-day moving average price of $28.62.

Institutional Investors Weigh In On Global X Uranium ETF

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in Global X Uranium ETF by 50.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,385,864 shares of the company’s stock worth $382,970,000 after purchasing an additional 4,512,560 shares during the period. LPL Financial LLC raised its stake in shares of Global X Uranium ETF by 56.5% in the fourth quarter. LPL Financial LLC now owns 2,109,269 shares of the company’s stock worth $56,486,000 after buying an additional 761,345 shares during the period. Invesco Ltd. raised its stake in shares of Global X Uranium ETF by 1.3% in the fourth quarter. Invesco Ltd. now owns 2,028,508 shares of the company’s stock worth $54,323,000 after buying an additional 26,408 shares during the period. Wells Fargo & Company MN lifted its position in shares of Global X Uranium ETF by 81.8% during the 4th quarter. Wells Fargo & Company MN now owns 1,728,901 shares of the company’s stock valued at $46,300,000 after buying an additional 777,767 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in shares of Global X Uranium ETF by 8.3% during the 3rd quarter. Stifel Financial Corp now owns 1,343,477 shares of the company’s stock valued at $38,437,000 after acquiring an additional 103,409 shares during the period.

Global X Uranium ETF Company Profile

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.