Nuveen ESG Mid-Cap Growth ETF (BATS:NUMG) Shares Up 1.5% – Should You Buy?

Shares of Nuveen ESG Mid-Cap Growth ETF (BATS:NUMG) shot up 1.5% on Monday . The company traded as high as $42.75 and last traded at $42.15. 36,739 shares were traded during trading, an increase of 10% from the average session volume of 33,419 shares. The stock had previously closed at $41.51.

Nuveen ESG Mid-Cap Growth ETF Trading Up 0.6%

The stock has a 50 day moving average of $44.12 and a 200-day moving average of $46.74. The company has a market capitalization of $350.70 million, a P/E ratio of 31.07 and a beta of 1.12.

Hedge Funds Weigh In On Nuveen ESG Mid-Cap Growth ETF

A number of hedge funds have recently modified their holdings of the company. Morgan Stanley lifted its stake in shares of Nuveen ESG Mid-Cap Growth ETF by 3.8% during the 4th quarter. Morgan Stanley now owns 1,165,326 shares of the company’s stock valued at $55,636,000 after buying an additional 42,864 shares in the last quarter. Royal Bank of Canada increased its stake in Nuveen ESG Mid-Cap Growth ETF by 3.5% in the 4th quarter. Royal Bank of Canada now owns 511,601 shares of the company’s stock worth $24,426,000 after buying an additional 17,290 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Nuveen ESG Mid-Cap Growth ETF by 15.1% in the 4th quarter. Bank of New York Mellon Corp now owns 463,180 shares of the company’s stock worth $22,114,000 after buying an additional 60,811 shares in the last quarter. Bank of America Corp DE raised its holdings in Nuveen ESG Mid-Cap Growth ETF by 4.7% during the second quarter. Bank of America Corp DE now owns 347,720 shares of the company’s stock valued at $16,847,000 after acquiring an additional 15,602 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in Nuveen ESG Mid-Cap Growth ETF by 3.6% during the third quarter. Ameriprise Financial Inc. now owns 277,743 shares of the company’s stock valued at $13,496,000 after acquiring an additional 9,708 shares during the period.

About Nuveen ESG Mid-Cap Growth ETF

The Nuveen ESG Mid-Cap Growth ETF (NUMG) is an exchange-traded fund that is based on the MSCI TIAA ESG USA Mid Cap Growth index. The fund tracks an index composed of mid-cap US companies with growth characteristics that also meet certain environmental, social, and governance criteria. NUMG was launched on Dec 13, 2016 and is managed by Nuveen.