Is Nuveen ESG Mid-Cap Growth ETF (NUMG) a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 28 2024
0mins
Source: NASDAQ.COM
Nuveen ESG Mid-Cap Growth ETF Overview: Launched in December 2016, the Nuveen ESG Mid-Cap Growth ETF (NUMG) offers investors exposure to mid-cap growth stocks while employing smart beta strategies that focus on stock selection based on fundamental characteristics. The fund has over $589 million in assets and a low expense ratio of 0.31%.
Performance and Sector Allocation: NUMG has shown strong performance with a 31.33% increase over the past year, primarily investing in the Information Technology sector (30.60% allocation). It holds 47 stocks, with its top ten holdings making up about 31.83% of total assets, including significant positions in companies like Trade Desk Inc. and Grainger W.W. Inc.
Analyst Views on TTD
Wall Street analysts forecast TTD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TTD is 59.68 USD with a low forecast of 39.00 USD and a high forecast of 90.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
25 Analyst Rating
15 Buy
9 Hold
1 Sell
Moderate Buy
Current: 36.820
Low
39.00
Averages
59.68
High
90.00
Current: 36.820
Low
39.00
Averages
59.68
High
90.00
About TTD
The Trade Desk, Inc. is a global advertising technology company. The Company offers a self-service, cloud-based ad-buying platform that empowers its clients to plan, manage, optimize and measure more expressive data-driven digital advertising campaigns. Its platform allows clients to execute integrated campaigns across ad formats and channels, including connected television (CTV) and other video, display, audio, and native, on a multitude of devices, such as televisions, streaming devices, mobile devices, computers and digital-out-of-home devices. Its platform’s integrations with inventory, publisher and data partners provide ad buyers reach and decisioning capabilities, and its enterprise application programming interfaces (APIs) enable its clients to customize and expand platform functionality. Its platform provides auto-optimization features that allow buyers to automate their campaigns and support them with computer-generated modeling and decision-making.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
