Neuberger Berman Energy Transition & Infrastructure ETF $NBET Shares Purchased by Royal Bank of Canada

Royal Bank of Canada raised its stake in Neuberger Berman Energy Transition & Infrastructure ETF (NYSEARCA:NBET) by 362.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 20,146 shares of the company’s stock after buying an additional 15,786 shares during the quarter. Royal Bank of Canada owned approximately 1.87% of Neuberger Berman Energy Transition & Infrastructure ETF worth $828,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NBET. Beacon Pointe Advisors LLC grew its position in shares of Neuberger Berman Energy Transition & Infrastructure ETF by 4.7% during the fourth quarter. Beacon Pointe Advisors LLC now owns 152,047 shares of the company’s stock worth $4,975,000 after acquiring an additional 6,877 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Neuberger Berman Energy Transition & Infrastructure ETF by 2.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 44,003 shares of the company’s stock valued at $1,440,000 after purchasing an additional 1,099 shares during the last quarter. Jane Street Group LLC bought a new stake in Neuberger Berman Energy Transition & Infrastructure ETF in the 2nd quarter valued at about $413,000. Finally, Osaic Holdings Inc. boosted its stake in Neuberger Berman Energy Transition & Infrastructure ETF by 60.3% during the 2nd quarter. Osaic Holdings Inc. now owns 2,686 shares of the company’s stock valued at $88,000 after purchasing an additional 1,010 shares during the period.

Neuberger Berman Energy Transition & Infrastructure ETF Trading Down 0.7%

NYSEARCA NBET opened at $41.83 on Friday. Neuberger Berman Energy Transition & Infrastructure ETF has a 52 week low of $31.34 and a 52 week high of $42.50. The stock has a market cap of $48.94 million, a price-to-earnings ratio of 19.01 and a beta of 0.76. The company has a 50-day moving average price of $40.05 and a two-hundred day moving average price of $39.85.

About Neuberger Berman Energy Transition & Infrastructure ETF

The Neuberger Berman Energy Transition & Infrastructure ETF (NBET) is an exchange-traded fund that mostly invests in energy equity. The fund uses a fundamental, bottom-up approach to actively invest in energy transition and infrastructure companies of any size from developed and emerging markets. The fund seeks to provide total return. NBET was launched on Apr 6, 2022 and is issued by Neuberger Berman.