Nuveen Dividend Growth
NDVG
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 730 Third Avenue New York NY United States of America 10017
- IPO Date
- Aug 5, 2021
- CIK
- 0001635073
- Website
- nuveen.com
- Similar Companies
- Business
- Nuveen Dividend Growth ETF (NDVG) is an exchange-traded fund that seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the TIAA Bank Dividend Growth Index. The fund invests at least 80% of its net assets in securities of the underlying index, which comprises U.S. exchange-traded equity securities of companies demonstrating consistent dividend growth; dividend payers with at least five years of consecutive dividend payments and positive five-year dividend growth rates; and dividend achievers with 10 or more consecutive years of dividend payments. It offers exposure to large-cap U.S. companies across sectors including information technology, financials, health care, consumer discretionary, industrials, and communication services, with a focus on quality dividend growth stocks selected for financial strength, profitability, and competitive advantages. NDVG was launched in 2023 and is managed by Nuveen Fund Advisors, LLC, a subsidiary of Nuveen, LLC, which serves as the investment adviser and is ultimately owned by TIAA (Teachers Insurance and Annuity Association of America), headquartered in Chicago, Illinois. The fund operates globally but primarily targets U.S. investors through listings on major U.S. exchanges, with assets under management emphasizing low turnover and tax efficiency via its index-tracking methodology. Its portfolio includes holdings such as Microsoft Corp., Apple Inc., Broadcom Inc., Visa Inc., and Mastercard Inc., balancing growth potential with reliable dividend income. In recent developments, NDVG benefited from Nuveen's broader strategic expansions, including the 2024 integration of additional ESG-focused dividend strategies amid growing demand for sustainable income solutions and partnerships with TIAA to enhance quantitative indexing capabilities. The fund saw a significant asset inflow in late 2024 following the launch of complementary Nuveen ETFs targeting similar dividend themes, reflecting investor shifts toward resilient income amid economic uncertainty. No major reorganizations or name changes have occurred, but Nuveen's ongoing acquisitions in quantitative asset management, such as enhancements to its index provider relationships, support NDVG's performance optimization.