Nuveen Growth Opportunities ETF (NYSEARCA:NUGO) Sets New 1-Year High – Here’s Why

Shares of Nuveen Growth Opportunities ETF (NYSEARCA:NUGO) hit a new 52-week high during trading on Thursday . The company traded as high as $44.66 and last traded at $44.66, with a volume of 338 shares traded. The stock had previously closed at $43.97.

Nuveen Growth Opportunities ETF Stock Up 0.9%

The firm has a market capitalization of $2.59 billion, a P/E ratio of 40.41 and a beta of 1.16. The business has a 50-day moving average price of $42.66 and a 200-day moving average price of $40.54.

Hedge Funds Weigh In On Nuveen Growth Opportunities ETF

A number of hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC bought a new position in shares of Nuveen Growth Opportunities ETF during the 2nd quarter worth about $609,000. Focused Alpha LLC acquired a new position in Nuveen Growth Opportunities ETF in the second quarter worth about $465,000. Global Retirement Partners LLC acquired a new position in Nuveen Growth Opportunities ETF in the second quarter worth about $143,000. Pasadena Private Wealth LLC bought a new position in Nuveen Growth Opportunities ETF during the second quarter worth about $136,000. Finally, Allworth Financial LP acquired a new stake in Nuveen Growth Opportunities ETF during the second quarter valued at approximately $96,000.

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.