Nuveen Growth Opportunities ETF (NYSEARCA:NUGO) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Nuveen Growth Opportunities ETF (NYSEARCA:NUGO) saw unusually-high trading volume on Tuesday . Approximately 96,766 shares were traded during trading, a decline of 20% from the previous session’s volume of 121,290 shares.The stock last traded at $33.63 and had previously closed at $33.80.

Nuveen Growth Opportunities ETF Trading Down 1.3%

The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 36.70 and a beta of 1.12. The business has a 50-day moving average price of $30.79 and a two-hundred day moving average price of $33.27.

Hedge Funds Weigh In On Nuveen Growth Opportunities ETF

An institutional investor recently raised its position in Nuveen Growth Opportunities ETF stock. GPS Wealth Strategies Group LLC boosted its holdings in shares of Nuveen Growth Opportunities ETF (NYSEARCA:NUGO) by 293.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,966 shares of the company’s stock after buying an additional 2,213 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Nuveen Growth Opportunities ETF were worth $91,000 as of its most recent filing with the Securities and Exchange Commission.

About Nuveen Growth Opportunities ETF

The Nuveen Growth Opportunities ETF (NUGO) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, non-transparent ETF that invests in large-cap US stocks selected for growth, quality, and value factors. The fund utilizes the Natixis\u002FNYSE non-transparent model.