CX Institutional Reduces Stake in Nuveen ESG Mid-Cap Growth ETF

CX Institutional has significantly reduced its investment in the Nuveen ESG Mid-Cap Growth ETF, a fund known for its focus on mid-sized companies with strong environmental, social, and governance practices. In a recent filing, it's been reported that during the third quarter, CX Institutional sold 12,694 shares of the ETF, which resulted in a 67.1% decrease in their holding. Post-transaction, CX Institutional's stake in the ETF stands at 6,216 shares, valued at approximately $228,000.

Investment Activity in NUMG

The move by CX Institutional is part of a broader pattern of investment activities surrounding the Nuveen ESG Mid-Cap Growth ETF. Other institutional investors and hedge funds have been actively trading shares of NUMG. For instance, Coastal Investment Advisors Inc., Parkside Financial Bank & Trust, Allworth Financial LP, and Cornerstone Planning Group LLC have established new positions in NUMG in recent quarters. Meanwhile, AlphaCore Capital LLC increased its holdings in the ETF by 8%, adding 312 shares to reach a total of 4,228 shares owned.

NUMG's Market Performance

The Nuveen ESG Mid-Cap Growth ETF's market performance has been notable, with the stock trading at $42.33. Over the past year, NUMG has experienced a low of $26.00 and a high of $31.52. Its 50-day moving average price sits at $38.59, closely aligned with the 200-day moving average price of $38.40. NUMG has a market capitalization of $402.14 million, a price-to-earnings ratio of 31.07 and a beta of 1.10.

About Nuveen ESG Mid-Cap Growth ETF

The Nuveen ESG Mid-Cap Growth ETF, or NUMG, offers investors exposure to U.S. mid-cap companies that not only exhibit growth potential but also adhere to specific environmental, social, and governance criteria. Launched on December 13, 2016, the NUMG tracks an index based on the MSCI TIAA ESG USA Mid Cap Growth index. Nuveen manages the fund, aiming to integrate ESG considerations into a mid-cap growth portfolio.

Investment, Divestment, ETF