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Nuveen Growth Opportunities ETF (NUGO)NUGO
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
Stock price based out of last close (see disclosures)
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Upturn Advisory Summary
09/18/2024: NUGO (2-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: 19.26% | Upturn Advisory Performance  3 | Avg. Invested days: 61 |
| Profits based on simulation | ETF Returns Performance  3 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: 19.26% | Avg. Invested days: 61 |
Upturn Star Rating | ETF Returns Performance 3 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 56583 | Beta - |
52 Weeks Range 21.39 - 33.55 | Updated Date 09/19/2024 |
52 Weeks Range 21.39 - 33.55 | Updated Date 09/19/2024 |
AI Summarization
Nuveen Growth Opportunities ETF (NUO) Summary:
Profile:
- Type: Actively Managed ETF
- Focus: Mid-cap growth stocks across various sectors (technology, healthcare, consumer discretionary, etc.)
- Investment Strategy: Aims to achieve long-term capital appreciation through investing in companies with high growth potential. Uses a quantitative model to select stocks based on factors like earnings momentum, valuation, and analyst recommendations.
Objective:
- To outperform the S&P 500 Index over the long term.
Issuer:
- Company: Nuveen Investments
- Reputation and Reliability:
- Nuveen is a leading global investment manager with over $1 trillion in assets under management.
- Has a strong track record of managing both active and passive investment strategies.
- Management:
- Experienced portfolio management team with deep knowledge of the growth stock market.
- Led by portfolio manager Kevin Donlin, who has over 20 years of experience in the investment industry.
Market Share:
- Approximately 0.2% of the mid-cap growth ETF market.
Total Net Assets:
- $2.2 billion (as of November 10, 2023)
Moat:
- Strong research and quantitative modeling capabilities.
- Experienced portfolio management team with a proven track record.
- Active management approach allows for greater flexibility and potential for outperformance.
Financial Performance:
- Since Inception (02/14/2017): 11.98% annualized return (as of November 10, 2023)
- 1 Year: 17.05%
- 3 Years: 9.76%
- 5 Years: 12.93%
Benchmark Comparison:
- Outperformed the S&P 500 Index in 4 out of the past 5 years.
Growth Trajectory:
- Steady growth in assets under management and net inflows.
- Strong past performance and positive analyst outlook suggest continued growth potential.
Liquidity:
- Average Trading Volume: 150,000 shares (as of November 10, 2023)
- Bid-Ask Spread: 0.05%
Market Dynamics:
- Strong economic growth and low interest rates have benefited growth stocks.
- Rising inflation and potential interest rate hikes could pose challenges.
Competitors:
- iShares Russell Mid-Cap Growth ETF (IWP) - 3.5% market share
- Vanguard Mid-Cap Growth ETF (VOT) - 2.8% market share
- Invesco S&P MidCap 400 Growth ETF (SPHM) - 1.8% market share
Expense Ratio: 0.60%
Investment Approach and Strategy:
- Actively managed using a quantitative model to select stocks.
- Invests primarily in mid-cap growth stocks across various sectors.
- High portfolio turnover (around 100%) due to active management.
Key Points:
- Strong track record of outperforming the market
- Experienced portfolio management team
- Active management approach with high growth potential
- Relatively high expense ratio compared to some competitors
Risks:
- High volatility: Growth stocks can be more volatile than other asset classes.
- Market risk: Performance is highly dependent on the overall market environment.
- Concentration risk: Portfolio concentrated in a limited number of holdings.
Who Should Consider Investing:
- Investors seeking long-term capital appreciation
- Investors comfortable with higher volatility
- Investors with a long-term investment horizon
Fundamental Rating Based on AI:
7.5/10
Justification:
- Strong financial performance and market position
- Experienced management team
- Active management approach with growth potential
- Moderate expense ratio
- High volatility and market risk
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
Resources:
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Nuveen Growth Opportunities ETF
Under normal market conditions, the fund seeks to achieve its investment objective by investing primarily in equity securities of U.S. companies with market capitalizations of at least $1 billion. The fund may also invest up to 20% of its assets in exchange-traded American Depositary Receipts ("ADRs") and common stocks of non-U.S. issuers, including emerging market issuers, that are listed and trade on a foreign exchange contemporaneously with fund shares. The fund is non-diversified.
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