NUEM Stock Summary and Trading Ideas (Nuveen Esg Emerging Markets Equity ETF | BATS:NUEM)

The Fund seeks to track the investment results, before fees and expenses, of the TIAA ESG Emerging Markets Equity Index (the Index ). The Fund employs a passive management (or indexing ) approach, investing all or substantially all of its assets in the securities represented in the Index in approximately the same proportions as the Index. The Index uses a rules-based methodology to arrive at a diversified portfolio of equity securities issued by companies located in countries with emerging markets that adhere to predetermined ESG, controversial business involvement and low-carbon criteria. The Index is rebalanced quarterly.

Nuveen Esg Emerging Markets Equity ETF trades on the BATS stock market under the symbol NUEM.

As of April 19, 2024, NUEM stock price declined to $26.60 with 42,516 million shares trading.

NUEM has a beta of 0.91, meaning it tends to be less sensitive to market movements. NUEM has a correlation of 0.53 to the broad based SPY ETF.

NUEM has a market cap of $244.72 million. This is considered a Small Cap stock.

In the last 3 years, NUEM stock traded as high as $37.34 and as low as $22.24.

NUEM stock has underperformed the market in the last year with a return of +0.5%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in NUEM shares. However, NUEM has outperformed the market in the last 3 month and 2 week periods, returning +4.8% and -3.2%, while SPY returned +4.3% and -3.5%, respectively. This indicates NUEM has been having a stronger performance recently.

NUEM support price is $26.34 and resistance is $26.96 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NUEM stock will trade within this expected range on the day.