Private Advisor Group LLC has recently reduced its position in Nuveen ESG Large-Cap Value ETF by 10.5% in the first quarter, according to the latest Form 13F filing with the Securities and Exchange Commission. The fund now owns 49,508 shares of the company’s stock, down from 55,333 shares previously. This move reflects a shift in investment strategy by Private Advisor Group LLC.
In addition to Private Advisor Group LLC, several other institutional investors and hedge funds have also made changes to their positions in Nuveen ESG Large-Cap Value ETF. For example, ICA Group Wealth Management LLC acquired a new stake in the company during the fourth quarter, while DB Wealth Management Group LLC and VisionPoint Advisory Group LLC increased their stakes in the company during the same period. These actions demonstrate a growing interest in the potential of Nuveen ESG Large-Cap Value ETF among investors.
Nuveen ESG Large-Cap Value ETF’s price performance has been relatively stable, with shares opening at $37.74 on Wednesday. The stock has shown a 50-day moving average of $37.90 and a 200-day moving average of $37.23. With a market cap of $1.59 billion and a PE ratio of 18.69, Nuveen ESG Large-Cap Value ETF remains an attractive investment option for many investors.
Nuveen ESG Large-Cap Value ETF is an exchange-traded fund based on the MSCI TIAA ESG USA Large Cap Value index. This fund tracks US large-cap value stocks that score highly on environmental, social, and governance (ESG) criteria, making it an appealing choice for investors seeking to align their investments with their values.
Overall, the recent changes in positions by various institutional investors and the stable price performance of Nuveen ESG Large-Cap Value ETF indicate a positive outlook for the fund. DailyBubble sees this as a trend towards responsible investing and believes that Nuveen ESG Large-Cap Value ETF is well-positioned to capitalize on this growing interest in ESG-focused investments.