Cornerstone Financial Management LLC Invests $1.01 Million in iShares ESG Select Screened S&P 500 ETF $XVV

Cornerstone Financial Management LLC acquired a new position in shares of iShares ESG Select Screened S&P 500 ETF (BATS:XVV) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 19,222 shares of the company’s stock, valued at approximately $1,013,000. Cornerstone Financial Management LLC owned about 0.22% of iShares ESG Select Screened S&P 500 ETF as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in XVV. Federation des caisses Desjardins du Quebec purchased a new position in shares of iShares ESG Select Screened S&P 500 ETF in the 4th quarter worth $34,000. Smithfield Trust Co raised its position in shares of iShares ESG Select Screened S&P 500 ETF by 50.8% in the 4th quarter. Smithfield Trust Co now owns 790 shares of the company’s stock worth $42,000 after buying an additional 266 shares during the period. Smartleaf Asset Management LLC raised its position in shares of iShares ESG Select Screened S&P 500 ETF by 10,545.7% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,726 shares of the company’s stock worth $177,000 after buying an additional 3,691 shares during the period. Destination Wealth Management purchased a new position in shares of iShares ESG Select Screened S&P 500 ETF in the 4th quarter worth $202,000. Finally, Monument Capital Management raised its position in shares of iShares ESG Select Screened S&P 500 ETF by 8.2% in the 4th quarter. Monument Capital Management now owns 4,386 shares of the company’s stock worth $231,000 after buying an additional 334 shares during the period.

iShares ESG Select Screened S&P 500 ETF Trading Up 0.4%

Shares of XVV opened at $56.39 on Friday. The firm has a market capitalization of $493.41 million, a P/E ratio of 25.63 and a beta of 1.04. The stock’s fifty day simple moving average is $55.07 and its 200 day simple moving average is $53.19. iShares ESG Select Screened S&P 500 ETF has a twelve month low of $45.51 and a twelve month high of $58.11.

About iShares ESG Select Screened S&P 500 ETF

The iShares ESG Screened S&P 500 ETF (XVV) is an exchange-traded fund that is based on the S&P 500 Sustainability Screened index. The fund tracks a market-cap weighted index of US large-caps caps screened for sustainability and excluding those with exposure to certain controversial business activities. XVV was launched on Sep 22, 2020 and is managed by BlackRock.