Thrivent Financial Increases Stake in Nuveen ESG Emerging Markets Equity ETF

Thrivent Financial for Lutherans has expanded its position in the Nuveen ESG Emerging Markets Equity ETF (BATS:NUEM) by 8.1% during the fourth quarter, according to recent reports from HoldingsChannel. After acquiring an additional 7,072 shares during this period, Thrivent now holds 94,722 shares of the ETF.

As of the latest filing with the Securities and Exchange Commission (SEC), Thrivent's investments in the Nuveen ESG Emerging Markets Equity ETF are valued at approximately $2.75 million.

In addition to Thrivent, other institutional investors have also increased their stakes in the Nuveen ESG Emerging Markets Equity ETF. For instance, Avalon Trust Co entered a new position during the fourth quarter, investing around $34,000. Heck Capital Advisors LLC also bought shares with a stake valued at $184,000, while Greykasell Wealth Strategies Inc. acquired shares worth $258,000.

DAVENPORT & Co LLC increased its position in the ETF by 14.3%, bringing their total to 8,955 shares worth approximately $260,000 after an increase of 1,119 shares. Concurrent Investment Advisors LLC similarly raised their stake by 30.2% during the fourth quarter, owning now 9,484 shares valued at around $275,000 after an increase of 2,198 shares.

Overview of Nuveen ESG Emerging Markets Equity ETF

The Nuveen ESG Emerging Markets Equity ETF, identified by the ticker NUEM, is an exchange-traded fund that follows the MSCI TIAA ESG Emerging Markets Index. This fund is designed to track large- and mid-cap stocks in emerging markets that score highly on environmental, social, and governance (ESG) criteria. The ETF's index is also optimized for market-like risk and return characteristics.

Performance Analysis of NUEM

As of the last trading session, shares of NUEM opened at $29.89, with a market capitalization of $313.79 million. The ETF records a price-to-earnings (P/E) ratio of 15.03 and a beta of 0.70. Over the past year, NUEM has seen a low of $25.71 and a high of $32.20. The 50-day simple moving average stands at $29.73, while the 200-day simple moving average is at $29.99.

For investors interested in keeping track of the ETF and remaining updates, they can explore 13F filings and details about insider trades for Nuveen ESG Emerging Markets Equity ETF (BATS:NUEM).

Thrivent, ETF, Investment