iShares ESG MSCI USA Min Vol Factor ETF (NASDAQ:ESMV) Trading Down 0.2% – What’s Next?

Shares of iShares ESG MSCI USA Min Vol Factor ETF (NASDAQ:ESMV) were down 0.2% on Thursday . The company traded as low as $29.44 and last traded at $29.47. Approximately 810 shares changed hands during mid-day trading, an increase of 11% from the average daily volume of 731 shares. The stock had previously closed at $29.53.

iShares ESG MSCI USA Min Vol Factor ETF Trading Down 0.1%

The company has a market cap of $7.36 million, a P/E ratio of 23.32 and a beta of 0.75. The business has a 50 day moving average price of $29.11 and a 200-day moving average price of $28.94.

iShares ESG MSCI USA Min Vol Factor ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a $0.1254 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $0.50 dividend on an annualized basis and a yield of 1.7%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Citadel Advisors LLC raised its stake in iShares ESG MSCI USA Min Vol Factor ETF by 42.6% in the third quarter. Citadel Advisors LLC now owns 11,069 shares of the company’s stock valued at $323,000 after buying an additional 3,305 shares during the period. Portfolio Design Labs LLC bought a new position in shares of iShares ESG MSCI USA Min Vol Factor ETF during the 2nd quarter worth approximately $355,000. Finally, Virtue Capital Management LLC acquired a new position in shares of iShares ESG MSCI USA Min Vol Factor ETF during the 4th quarter worth approximately $1,155,000.

About iShares ESG MSCI USA Min Vol Factor ETF

The iShares ESG MSCI USA Min Vol Factor ETF (ESMV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap US stocks that have low volatility and positive ESG characteristics. ESMV was launched on Nov 2, 2021 and is managed by BlackRock.