iShares ESG Advanced MSCI EAFE ETF (NASDAQ:DMXF) Sees Unusually-High Trading Volume – Here’s Why

iShares ESG Advanced MSCI EAFE ETF (NASDAQ:DMXF) saw unusually-strong trading volume on Friday . Approximately 52,705 shares changed hands during mid-day trading, an increase of 2% from the previous session’s volume of 51,702 shares.The stock last traded at $75.5740 and had previously closed at $76.40.

iShares ESG Advanced MSCI EAFE ETF Stock Performance

The business has a 50-day simple moving average of $76.04 and a 200-day simple moving average of $74.12. The company has a market cap of $656.50 million, a price-to-earnings ratio of 19.02 and a beta of 0.89.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC acquired a new stake in iShares ESG Advanced MSCI EAFE ETF during the 1st quarter worth $12,096,000. Jane Street Group LLC raised its holdings in shares of iShares ESG Advanced MSCI EAFE ETF by 273.0% in the first quarter. Jane Street Group LLC now owns 114,721 shares of the company’s stock valued at $7,725,000 after buying an additional 83,965 shares during the last quarter. Bailard Inc. acquired a new stake in shares of iShares ESG Advanced MSCI EAFE ETF during the second quarter worth about $5,272,000. Baillie Gifford & Co. purchased a new position in shares of iShares ESG Advanced MSCI EAFE ETF during the third quarter worth about $2,681,000. Finally, CWM LLC increased its position in iShares ESG Advanced MSCI EAFE ETF by 775.6% in the 2nd quarter. CWM LLC now owns 37,274 shares of the company’s stock valued at $2,775,000 after acquiring an additional 33,017 shares during the period.

About iShares ESG Advanced MSCI EAFE ETF

The iShares ESG Advanced MSCI EAFE Index ETF (DMXF) is an exchange-traded fund that is based on the MSCI EAFE Choice ESG Screened index. The fund tracks a market cap-weighted, ESG-screened index of large- and mid-cap stocks from the developed markets outside North America. DMXF was launched on Jun 16, 2020 and is managed by BlackRock.