B. Riley Wealth Advisors Acquires Additional Shares in Nuveen ESG Large-Cap Growth ETF

B. Riley Wealth Advisors Inc. has recently expanded its investment in Nuveen ESG Large-Cap Growth ETF (BATS:NULG), increasing its ownership by 26.1%. This was revealed in the latest filing with the Securities and Exchange Commission for the third quarter. The firm's additional purchase of 3,350 shares brings its total stake in NULG to 16,209 shares, which held a value of approximately $972,000 at the time of the report.

Investment Trends in NULG

Other institutional investors and funds have also adjusted their positions in NULG, with some increasing their shares and others starting new holdings. Notably, FMR LLC enlarged its NULG share count by a remarkable 140.5% in the first quarter, while investments by firms like ICA Group Wealth Management LLC, DHJJ Financial Advisors Ltd., and VisionPoint Advisory Group LLC were initiated in recent quarters. Financial giant JPMorgan Chase & Co. also upped its investment by 33.3% in the second quarter.

Performance Details of Nuveen ESG Large-Cap Growth ETF

As of the beginning of the week, NULG's price stood at $74.34. The ETF shows a sustaining trend, with a 50-day moving average at $72.18, overshadowing its 200-day moving average of $66.58. The market capitalization of NULG is noted at $1.32 billion, carrying a price-to-earnings ratio of 31.18, and a beta of 1.12. It saw a 1-year low at $26.91 and peaked at a 1-year high of $34.04.

Understanding Nuveen ESG Large-Cap Growth ETF

The Nuveen ESG Large-Cap Growth ETF is aligned with the MSCI TIAA ESG USA Large Cap Growth index. It targets US large-cap companies exhibiting growth traits while also fulfilling certain environmental, social, and governance standards. Launched on December 13, 2016, NULG is managed by Nuveen and seeks to offer investors a growth-oriented portfolio with a conscientious approach to ESG factors.

Wealth, Advisors, Nuveen