Nuveen ESG Large-Cap Value ETF (BATS:NULV) Hits New 1-Year High – Here’s Why

Nuveen ESG Large-Cap Value ETF (BATS:NULV) shares hit a new 52-week high on Wednesday . The company traded as high as $50.99 and last traded at $50.92, with a volume of 83936 shares traded. The stock had previously closed at $50.64.

Nuveen ESG Large-Cap Value ETF Stock Up 0.6%

The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 19.82 and a beta of 0.87. The stock’s fifty day moving average is $47.92 and its two-hundred day moving average is $46.79.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in Nuveen ESG Large-Cap Value ETF by 1.0% during the third quarter. Bank of America Corp DE now owns 13,708,202 shares of the company’s stock worth $600,789,000 after buying an additional 137,834 shares during the last quarter. TIAA Trust National Association increased its holdings in shares of Nuveen ESG Large-Cap Value ETF by 4.2% in the fourth quarter. TIAA Trust National Association now owns 4,868,104 shares of the company’s stock valued at $219,308,000 after purchasing an additional 194,509 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Nuveen ESG Large-Cap Value ETF by 0.8% in the third quarter. JPMorgan Chase & Co. now owns 2,033,853 shares of the company’s stock valued at $89,138,000 after purchasing an additional 16,303 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Nuveen ESG Large-Cap Value ETF by 26.1% in the fourth quarter. LPL Financial LLC now owns 1,789,579 shares of the company’s stock valued at $80,621,000 after purchasing an additional 370,301 shares during the last quarter. Finally, Morgan Stanley increased its holdings in shares of Nuveen ESG Large-Cap Value ETF by 2.6% in the fourth quarter. Morgan Stanley now owns 1,232,845 shares of the company’s stock valued at $55,540,000 after purchasing an additional 31,083 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.