Nuveen Growth Opportunities ETF (NUGO)
ARCA ARCA Primary Summary
NUGO: Beating Peers In 2024, But Its Track Record Is Still Short
Nuveen Growth Opportunities ETF is an actively managed fund focused on growth and quality, primarily in the technology sector. The NUGO ETF has outperformed the S&P 500 by 10.5% over the last 12 months but has shown high volatility and deep draw-downs. Compared to large passive growth ETFs, NUGO has higher fees and a more concentrated portfolio.
NUGO: Top-Quality Concentrated Growth Stock Mix With Unconvincing Performance
NUGO is an actively managed ETF focused on U.S. and international growth stories with robust financial positions and strong returns on capital. With a portfolio of 42 stocks, NUGO is overweight in the internet software & services industry and has NVIDIA as its main holding. NUGO has high quality and impressive growth characteristics. However, valuation is unsurprisingly bloated.
Nuveen Growth Opportunities ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| GFG Goldstone Financial Group LLC Goldstone Financial Group LLC | 53,427 | $1.9M | $2.35M | $443,804.38 | 23.31% |
Nuveen Growth Opportunities ETF (NUGO) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Nuveen Growth Opportunities ETF ever had a stock split?
Nuveen Growth Opportunities ETF Profile
| ARCA Exchange | US Country |
Overview
The fund described aims to meet its investment objectives by focusing primarily on equity securities of U.S. companies that have a minimum market capitalization of $1 billion. This indicates a strategy inclined towards investing in well-established companies. While it primarily concentrates on U.S. entities, the fund also allocates a portion of its assets, up to 20%, towards international investments. This international exposure includes exchange-traded American Depositary Receipts (ADRs) and common stocks of non-U.S. issuers, which may also encompass companies in emerging markets. Such strategic allocation suggests a careful balance between seeking growth through U.S. equity markets and diversifying globally. Notably, the fund is classified as non-diversified, meaning it may invest a significant portion of its assets in a smaller number of issuers.
Products and Services
- Equity Securities Investment
Investing primarily in equity securities of U.S. companies with market capitalizations of at least $1 billion constitutes the core offering. This service is designed for investors looking for exposure to well-established U.S. companies presumed to offer stability and growth.
- International Investment Opportunities
By allocating up to 20% of its assets in exchange-traded ADRs and common stocks of non-U.S. issuers, including those in emerging markets, the fund offers investors a pathway to diversify internationally. This approach allows for potential growth opportunities outside the U.S. equity market and mitigates risk through geographical diversification.
