iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM) Shares Down 1.3% – Here’s Why

iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM)’s share price fell 1.3% on Wednesday . The stock traded as low as $57.40 and last traded at $57.40. Approximately 793 shares changed hands during trading, a decline of 65% from the average daily volume of 2,250 shares. The stock had previously closed at $58.16.

iShares ESG MSCI EM Leaders ETF Price Performance

The company has a 50-day moving average price of $60.25 and a 200-day moving average price of $60.82. The firm has a market capitalization of $31.57 million, a PE ratio of 14.34 and a beta of 0.65.

iShares ESG MSCI EM Leaders ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a dividend of $0.4964 per share. The ex-dividend date was Monday, June 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. OLD Mission Capital LLC boosted its stake in shares of iShares ESG MSCI EM Leaders ETF by 131.3% during the 4th quarter. OLD Mission Capital LLC now owns 60,501 shares of the company’s stock worth $3,516,000 after purchasing an additional 34,347 shares during the last quarter. Pathfinder Wealth Consulting Inc. purchased a new position in iShares ESG MSCI EM Leaders ETF during the fourth quarter worth about $276,000. Farther Finance Advisors LLC boosted its position in shares of iShares ESG MSCI EM Leaders ETF by 297.3% in the fourth quarter. Farther Finance Advisors LLC now owns 3,083 shares of the company’s stock worth $179,000 after acquiring an additional 2,307 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of iShares ESG MSCI EM Leaders ETF by 13.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 15,550 shares of the company’s stock valued at $904,000 after buying an additional 1,840 shares during the period. Finally, CI Investments Inc. grew its position in iShares ESG MSCI EM Leaders ETF by 10.4% during the fourth quarter. CI Investments Inc. now owns 11,640 shares of the company’s stock valued at $676,000 after acquiring an additional 1,100 shares during the period.

iShares ESG MSCI EM Leaders ETF Company Profile

The iShares ESG MSCI EM Leaders ETF (LDEM) is an exchange-traded fund that is based on the MSCI EM Extended ESG Leaders index. The fund tracks a tier-weighted index composed of large- and mid-cap emerging-market stocks with high environmental, social, and governance traits relative to their sector peers. LDEM was launched on Feb 5, 2020 and is managed by BlackRock.