iShares MSCI USA ESG Select ETF (NYSEARCA:SUSA) Sees Strong Trading Volume – Here’s Why

Shares of iShares MSCI USA ESG Select ETF (NYSEARCA:SUSA) saw unusually-high trading volume on Wednesday . 140,927 shares traded hands during mid-day trading, an increase of 172% from the previous session’s volume of 51,765 shares.The stock last traded at $152.03 and had previously closed at $152.67.

iShares MSCI USA ESG Select ETF Trading Down 0.1%

The stock has a market cap of $3.99 billion, a PE ratio of -273.36 and a beta of 1.06. The firm has a fifty day simple moving average of $152.98 and a two-hundred day simple moving average of $144.74.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its stake in iShares MSCI USA ESG Select ETF by 3.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,095,774 shares of the company’s stock worth $152,691,000 after buying an additional 31,842 shares in the last quarter. Royal Bank of Canada raised its position in iShares MSCI USA ESG Select ETF by 8.6% during the 1st quarter. Royal Bank of Canada now owns 687,964 shares of the company’s stock valued at $90,880,000 after purchasing an additional 54,542 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of iShares MSCI USA ESG Select ETF by 696.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 532,734 shares of the company’s stock valued at $74,236,000 after acquiring an additional 465,886 shares in the last quarter. IMA Advisory Services Inc. lifted its position in shares of iShares MSCI USA ESG Select ETF by 1.6% in the 1st quarter. IMA Advisory Services Inc. now owns 522,494 shares of the company’s stock worth $69,022,000 after purchasing an additional 8,040 shares during the period. Finally, Acorns Advisers LLC boosted its stake in shares of iShares MSCI USA ESG Select ETF by 0.5% during the 4th quarter. Acorns Advisers LLC now owns 438,708 shares of the company’s stock valued at $61,132,000 after purchasing an additional 2,204 shares in the last quarter.

About iShares MSCI USA ESG Select ETF

The iShares MSCI USA ESG Select ETF (SUSA) is an exchange-traded fund that is based on the MSCI USA Extended ESG Select index. The fund tracks an index of US companies with high environmental, social and governance (ESG) factor scores as calculated by MSCI. SUSA was launched on Jan 24, 2005 and is managed by BlackRock.