iShares ESG Aware MSCI USA ETF (NASDAQ:ESGU) Sees Strong Trading Volume – Time to Buy?

iShares ESG Aware MSCI USA ETF (NASDAQ:ESGU) saw unusually-high trading volume on Tuesday. 1,717,483 shares were traded during trading, an increase of 246% from the previous session’s volume of 495,824 shares. The stock last traded at $168.05 and had previously closed at $167.55.

iShares ESG Aware MSCI USA ETF Stock Performance

The business’s 50-day moving average price is $168.17 and its 200-day moving average price is $162.96. The stock has a market cap of $18.01 billion, a P/E ratio of 25.34 and a beta of 1.03.

iShares ESG Aware MSCI USA ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were issued a $0.3813 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.53 dividend on an annualized basis and a yield of 0.9%. This is an increase from iShares ESG Aware MSCI USA ETF’s previous quarterly dividend of $0.3431.

Hedge Funds Weigh In On iShares ESG Aware MSCI USA ETF

Several institutional investors and hedge funds have recently bought and sold shares of ESGU. Security National Bank of Sioux City Iowa IA bought a new stake in iShares ESG Aware MSCI USA ETF during the second quarter valued at about $25,000. Highland Investment Advisors LLC bought a new position in shares of iShares ESG Aware MSCI USA ETF in the second quarter worth about $33,000. Wellington Grp LLC raised its stake in shares of iShares ESG Aware MSCI USA ETF by 74.7% in the first quarter. Wellington Grp LLC now owns 304 shares of the company’s stock worth $43,000 after buying an additional 130 shares during the period. NFSG Corp bought a new position in shares of iShares ESG Aware MSCI USA ETF in the third quarter worth about $79,000. Finally, Flagship Wealth Advisors LLC raised its stake in shares of iShares ESG Aware MSCI USA ETF by 29.2% in the first quarter. Flagship Wealth Advisors LLC now owns 531 shares of the company’s stock worth $72,000 after buying an additional 120 shares during the period.

iShares ESG Aware MSCI USA ETF Company Profile

The iShares ESG Aware MSCI USA ETF (ESGU) is an exchange-traded fund that is based on the MSCI USA Extended ESG Focus index. The fund tracks an index composed of US companies that are selected and weighted for positive environmental, social and governance characteristics. ESGU was launched on Dec 1, 2016 and is managed by BlackRock.