Nuveen ESG International Developed Markets Equity ETF (BATS:NUDM) Hits New 52-Week High – Should You Buy?

Nuveen ESG International Developed Markets Equity ETF (BATS:NUDM) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $37.4290 and last traded at $39.0650, with a volume of 85663 shares changing hands. The stock had previously closed at $37.24.

Nuveen ESG International Developed Markets Equity ETF Trading Up 5.4%

The company has a market capitalization of $624.00 million, a price-to-earnings ratio of 16.48 and a beta of 0.86. The firm’s fifty day simple moving average is $37.51 and its two-hundred day simple moving average is $37.35.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Prism Advisors Inc. raised its position in Nuveen ESG International Developed Markets Equity ETF by 1.7% in the fourth quarter. Prism Advisors Inc. now owns 30,107 shares of the company’s stock valued at $1,090,000 after purchasing an additional 515 shares during the period. Flow Traders U.S. LLC increased its position in shares of Nuveen ESG International Developed Markets Equity ETF by 76.7% during the 2nd quarter. Flow Traders U.S. LLC now owns 157,028 shares of the company’s stock worth $5,573,000 after purchasing an additional 68,163 shares during the last quarter. Finally, Ledyard National Bank raised its holdings in Nuveen ESG International Developed Markets Equity ETF by 3.3% in the 2nd quarter. Ledyard National Bank now owns 39,898 shares of the company’s stock valued at $1,416,000 after buying an additional 1,290 shares during the period.

Nuveen ESG International Developed Markets Equity ETF Company Profile

The Nuveen ESG International Developed Markets Equity ETF (NUDM) is an exchange-traded fund that is based on the MSCI TIAA ESG International DM index. The fund tracks an index of companies from developed countries, excluding the US and Canada, that align with various environmental, social, and governance principles. NUDM was launched on Jun 7, 2017 and is managed by Nuveen.