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

iShares ESG Aware MSCI USA ETF (NASDAQ:ESGU) shares saw unusually-high trading volume on Tuesday. 1,717,483 shares changed hands 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 Trading Up 0.6%

The company has a market cap of $18.08 billion, a P/E ratio of 25.34 and a beta of 1.03. The business has a 50 day moving average price of $168.15 and a 200-day moving average price of $163.33.

iShares ESG Aware MSCI USA ETF Increases Dividend

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

Institutional Trading of iShares ESG Aware MSCI USA ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Security National Bank of Sioux City Iowa IA bought a new position in shares of iShares ESG Aware MSCI USA ETF in the 2nd quarter valued at about $25,000. Highland Investment Advisors LLC acquired a new position in shares of iShares ESG Aware MSCI USA ETF during the 2nd quarter worth about $33,000. Wellington Grp LLC increased its stake in shares of iShares ESG Aware MSCI USA ETF by 74.7% during the 1st quarter. Wellington Grp LLC now owns 304 shares of the company’s stock worth $43,000 after purchasing an additional 130 shares during the last quarter. Flagship Wealth Advisors LLC raised its holdings in shares of iShares ESG Aware MSCI USA ETF by 29.2% in the 1st quarter. Flagship Wealth Advisors LLC now owns 531 shares of the company’s stock valued at $72,000 after purchasing an additional 120 shares during the period. Finally, NFSG Corp bought a new stake in shares of iShares ESG Aware MSCI USA ETF in the 3rd quarter valued at about $79,000.

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.