Bokf Na Divests from Nuveen ESG Large-Cap Growth ETF

In a recent financial move, Bokf Na has considerably reduced its investment in the Nuveen ESG Large-Cap Growth ETF (BATS:NULG), a notable fund that focuses on large-cap U.S. companies with positive environmental, social, and governance (ESG) criteria. The sale, which occurred during the second quarter, amounted to an 18.7% decrease in Bokf Na's holdings, equating to the sale of 5,949 shares.

Prior to the transaction, Bokf Na held 25,802 shares of NULG. Following the sale, their investment was reduced to an estimated value of $1.61 million. This change now represents approximately 0.15% of the total shares of the ETF, as reported in the Securities and Exchange Commission filings.

Bokf Na's Sale Amidst Broader Institutional Activity

The sale by Bokf Na is part of a larger pattern of investment adjustments by various institutional investors in NULG. For instance, Benedetti & Gucer Inc. increased its holdings by 4.1% in the same quarter, attaining a total of 4,230 shares. In a similar trend, JPMorgan Chase & Co. saw a growth of 33.3% in its position, Osaic Holdings Inc. slightly raised its stake by 0.4%, and Northwestern Mutual Wealth Management Co. and RFG Advisory LLC experienced modest increases in their respective holdings during designated quarters.

Performance and Details of Nuveen ESG Large-Cap Growth ETF

NULG's share prices have experienced fluctuations, with recent trading opening at $68.25. The ETF has seen a one year low and high of $26.91 and $34.04 respectively. Holding a market capitalization of $1.21 billion and a P/E ratio of 31.18, NULG also depicts a beta of 1.12. Additionally, it maintains a 50 day simple moving average of $62.98 and a 200-day simple moving average of $62.26.

Overview of Nuveen ESG Large-Cap Growth ETF

The Nuveen ESG Large-Cap Growth ETF reflects the MSCI TIAA ESG USA Large Cap Growth Index, investing in U.S. large-cap entities that exhibit both growth potential and adherence to ESG principles. The fund, which began on December 13, 2016, is managed by the investment company Nuveen.

Bokf, Nuveen, ETF