Nuveen Growth Opportunities ETF (NYSEARCA:NUGO) Hits New 52-Week High – Should You Buy?

Nuveen Growth Opportunities ETF (NYSEARCA:NUGO) hit a new 52-week high during mid-day trading on Friday. The stock traded as high as $45.12 and last traded at $44.8990, with a volume of 535 shares changing hands. The stock had previously closed at $44.22.

Nuveen Growth Opportunities ETF Trading Up 1.8%

The firm’s 50-day moving average is $43.31 and its two-hundred day moving average is $41.87. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 40.41 and a beta of 1.16.

Institutional Investors Weigh In On Nuveen Growth Opportunities ETF

Several large investors have recently bought and sold shares of the company. Kingsview Wealth Management LLC purchased a new position in shares of Nuveen Growth Opportunities ETF in the second quarter valued at approximately $179,000. Equitable Holdings Inc. acquired a new stake in shares of Nuveen Growth Opportunities ETF in the second quarter worth approximately $316,000. Bank of America Corp DE purchased a new stake in shares of Nuveen Growth Opportunities ETF during the second quarter worth approximately $15,417,000. Sanctuary Advisors LLC purchased a new stake in shares of Nuveen Growth Opportunities ETF during the second quarter worth approximately $609,000. Finally, Allworth Financial LP purchased a new stake in shares of Nuveen Growth Opportunities ETF during the second quarter worth approximately $96,000.

Nuveen Growth Opportunities ETF Company Profile

The Nuveen Growth Opportunities ETF (NUGO) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, non-transparent ETF that invests in large-cap US stocks selected for growth, quality, and value factors. The fund utilizes the Natixis\u002FNYSE non-transparent model. NUGO was launched on Sep 27, 2021 and is managed by Nuveen.