Bank of America Corp DE Reduces Stake in Nuveen Short-Term REIT ETF (BATS:NURE)

Bank of America Corp DE lowered its position in Nuveen Short-Term REIT ETF (BATS:NURE) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 307,762 shares of the company’s stock after selling 3,162 shares during the period. Bank of America Corp DE owned approximately 19.24% of Nuveen Short-Term REIT ETF worth $9,787,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Anderson Financial Strategies LLC purchased a new stake in Nuveen Short-Term REIT ETF in the fourth quarter valued at approximately $7,068,000. Stonehaven Wealth & Tax Solutions LLC purchased a new stake in Nuveen Short-Term REIT ETF in the fourth quarter valued at approximately $343,000. Raymond James Financial Inc. purchased a new stake in Nuveen Short-Term REIT ETF in the fourth quarter valued at approximately $337,000. Envestnet Asset Management Inc. boosted its position in Nuveen Short-Term REIT ETF by 5.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 8,137 shares of the company’s stock worth $259,000 after purchasing an additional 388 shares in the last quarter. Finally, LPL Financial LLC boosted its position in Nuveen Short-Term REIT ETF by 5.4% in the 4th quarter. LPL Financial LLC now owns 31,294 shares of the company’s stock worth $995,000 after purchasing an additional 1,595 shares in the last quarter.

Nuveen Short-Term REIT ETF Trading Down 5.2%

Nuveen Short-Term REIT ETF stock opened at $29.40 on Friday. The stock’s 50 day simple moving average is $29.89 and its two-hundred day simple moving average is $31.41. The firm has a market cap of $44.10 million, a PE ratio of 29.37 and a beta of 0.99. Nuveen Short-Term REIT ETF has a 12 month low of $26.06 and a 12 month high of $35.14.

Nuveen Short-Term REIT ETF Profile

The Nuveen Short-Term REIT ETF (NURE) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks an index composed of U.S. REITs that typically have shorter-term lease durations than average. NURE was launched on Dec 19, 2016 and is managed by Nuveen.