Nuveen ESG Large-Cap Value ETF (BATS:NULV) Stock Falls 0.3% – Should You Sell?

Nuveen ESG Large-Cap Value ETF (BATS:NULV)’s stock price dropped 0.3% during mid-day trading on Thursday. The company traded as low as $53.06 and last traded at $53.16. Approximately 194,544 shares traded hands during trading, an increase of 56% from the average daily volume of 124,353 shares. The stock had previously closed at $53.33.

Nuveen ESG Large-Cap Value ETF Trading Down 0.3%

The firm’s fifty day moving average price is $52.95 and its 200 day moving average price is $50.33. The firm has a market capitalization of $2.20 billion, a PE ratio of 19.82 and a beta of 0.87.

Institutional Trading of Nuveen ESG Large-Cap Value ETF

A number of institutional investors have recently bought and sold shares of NULV. TIAA Trust National Association increased its position in Nuveen ESG Large-Cap Value ETF by 4.2% in the 4th quarter. TIAA Trust National Association now owns 4,868,104 shares of the company’s stock worth $219,308,000 after purchasing an additional 194,509 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Nuveen ESG Large-Cap Value ETF by 4.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,099,328 shares of the company’s stock valued at $54,955,000 after buying an additional 46,432 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Nuveen ESG Large-Cap Value ETF by 27.6% in the 1st quarter. Bank of New York Mellon Corp now owns 438,368 shares of the company’s stock valued at $19,946,000 after buying an additional 94,726 shares in the last quarter. Eastern Bank grew its stake in shares of Nuveen ESG Large-Cap Value ETF by 2.4% in the 2nd quarter. Eastern Bank now owns 288,102 shares of the company’s stock valued at $14,402,000 after buying an additional 6,847 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in Nuveen ESG Large-Cap Value ETF by 3.9% in the second quarter. Allworth Financial LP now owns 191,358 shares of the company’s stock worth $9,566,000 after buying an additional 7,168 shares during the last quarter.

About Nuveen ESG Large-Cap Value ETF

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.