Nuveen ESG Large-Cap Value ETF (BATS:NULV) Sets New 52-Week High – Time to Buy?

Nuveen ESG Large-Cap Value ETF (BATS:NULV)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $54.08 and last traded at $54.07, with a volume of 45657 shares. The stock had previously closed at $53.84.

Nuveen ESG Large-Cap Value ETF Price Performance

The firm’s 50 day moving average price is $51.89 and its 200-day moving average price is $49.53. The stock has a market cap of $2.23 billion, a P/E ratio of 19.82 and a beta of 0.87.

Hedge Funds Weigh In On Nuveen ESG Large-Cap Value ETF

Hedge funds have recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC boosted its stake in Nuveen ESG Large-Cap Value ETF by 9.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 36,241 shares of the company’s stock valued at $1,427,000 after purchasing an additional 3,009 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Nuveen ESG Large-Cap Value ETF by 5.0% in the first quarter. Royal Bank of Canada now owns 106,962 shares of the company’s stock worth $4,331,000 after purchasing an additional 5,106 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Nuveen ESG Large-Cap Value ETF during the first quarter valued at $7,521,000. Cerity Partners LLC lifted its holdings in shares of Nuveen ESG Large-Cap Value ETF by 8.4% during the second quarter. Cerity Partners LLC now owns 13,746 shares of the company’s stock valued at $576,000 after purchasing an additional 1,071 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Nuveen ESG Large-Cap Value ETF by 23.2% during the second quarter. NewEdge Advisors LLC now owns 113,372 shares of the company’s stock valued at $4,752,000 after buying an additional 21,313 shares during the last quarter.

Nuveen ESG Large-Cap Value ETF Company Profile

The Nuveen ESG Large-Cap Value ETF (NULV) is an exchange-traded fund that is based on the MSCI TIAA ESG USA Large Cap Value index. The fund tracks an index of US large-cap value stocks that score highly on environmental, social, and governance (ESG) criteria. The fund is weighted using a multi-factor optimizer. NULV was launched on Dec 13, 2016 and is managed by Nuveen.