Positive
Seeking Alpha
4 months ago
NUDV: ESG Goals Met But Quality And Dividend Screens Fall Short
Nuveen ESG Dividend ETF is a well-diversified large/mid-cap ESG ETF with a 0.26% expense ratio and $29 million in assets. Its key exclusions are stocks in the tobacco, oil, and weapons industries. Its Index applies screens for quality and dividend yield, though it's not done in an optimal way. I'll take readers through why and suggest a different approach. Fundamentally, NUDV is average in many categories, though one key advantage it has over many peers is a solid 9.72% one-year estimated earnings per share growth rate.