Nuveen Growth Opportunities ETF (NYSEARCA:NUGO) Shares Down 0.3% – Here’s Why

Nuveen Growth Opportunities ETF (NYSEARCA:NUGO)’s share price traded down 0.3% during trading on Friday. The stock traded as low as $41.61 and last traded at $41.61. Approximately 45,307 shares were traded during trading, a decline of 49% from the average session volume of 88,581 shares. The stock had previously closed at $41.73.

Nuveen Growth Opportunities ETF Trading Down 0.3%

The company has a 50 day moving average of $43.56 and a 200 day moving average of $42.69. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 40.41 and a beta of 1.16.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NUGO. Equitable Holdings Inc. bought a new stake in shares of Nuveen Growth Opportunities ETF in the 2nd quarter worth about $316,000. Focused Alpha LLC acquired a new stake in shares of Nuveen Growth Opportunities ETF during the 2nd quarter worth about $465,000. Pasadena Private Wealth LLC bought a new position in Nuveen Growth Opportunities ETF during the 2nd quarter valued at about $136,000. Bank of America Corp DE bought a new position in Nuveen Growth Opportunities ETF during the 2nd quarter valued at about $15,417,000. Finally, Sanctuary Advisors LLC bought a new position in Nuveen Growth Opportunities ETF during the 2nd quarter valued at about $609,000.

About Nuveen Growth Opportunities ETF

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.