Shares of the Nuveen ESG International Developed Markets Equity ETF (BATS:NUDM) achieved a new 52-week high during trading on Monday, reaching a peak of $37.7514 before closing at $37.99. This increase marks a notable rise from the previous closing price of $37.36 and reflects growing investor interest in the fund.
The recent performance of NUDM is underpinned by its strong fundamentals. The ETF boasts a market capitalization of $602.93 million, a price-to-earnings ratio of 16.48, and a beta of 0.86, indicating lower volatility compared to the market. The fund’s 50-day moving average stands at $37.62, while the 200-day moving average is $35.83, suggesting a robust upward trend in recent months.
Institutional Investors Take Notice
Several institutional investors have made significant adjustments to their holdings in NUDM, which may indicate confidence in the ETF’s future performance. Prism Advisors Inc. increased its stake by 4.0% during the third quarter, now owning 29,592 shares valued at approximately $1,113,000. Similarly, Whittier Trust Co. raised its position by 4.0% in the first quarter, acquiring an additional 1,250 shares for a total holding of 32,326 shares worth around $1,029,000.
Other notable stakeholders include Ledyard National Bank, which lifted its position by 3.3% in the second quarter, now holding 39,898 shares valued at about $1,416,000. Additionally, Flow Traders U.S. LLC significantly increased its stake by 110.7% in the first quarter, now owning 88,865 shares worth approximately $2,830,000.
About the Nuveen ESG ETF
The Nuveen ESG International Developed Markets Equity ETF tracks the MSCI TIAA ESG International DM index, focusing on companies in developed markets outside of the United States and Canada. The fund emphasizes environmental, social, and governance (ESG) principles, catering to investors looking to align their portfolios with sustainable practices.
As the ETF continues to attract attention from institutional investors and reaches new performance highs, potential investors may want to consider its fundamentals and market trends before making decisions. With the financial landscape continually evolving, staying informed about developments in funds like NUDM is essential for making strategic investment choices.
