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

iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE) shares saw unusually-strong trading volume on Thursday . Approximately 635,691 shares were traded during mid-day trading, a decline of 4% from the previous session’s volume of 659,972 shares.The stock last traded at $35.78 and had previously closed at $36.03.

iShares ESG Aware MSCI EM ETF Trading Down 1.0 %

The firm has a market cap of $4.55 billion, a P/E ratio of 14.98 and a beta of 0.75. The business’s 50-day moving average is $34.81 and its two-hundred day moving average is $34.94.

iShares ESG Aware MSCI EM ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 30th were given a dividend of $0.0222 per share. The ex-dividend date was Monday, December 30th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in iShares ESG Aware MSCI EM ETF by 6.0% in the fourth quarter. JPMorgan Chase & Co. now owns 2,079,355 shares of the company’s stock valued at $69,430,000 after buying an additional 118,301 shares during the last quarter. OLD Mission Capital LLC acquired a new position in iShares ESG Aware MSCI EM ETF during the 4th quarter valued at about $2,385,000. Acorns Advisers LLC grew its position in iShares ESG Aware MSCI EM ETF by 5.5% in the 4th quarter. Acorns Advisers LLC now owns 1,196,670 shares of the company’s stock worth $39,957,000 after purchasing an additional 62,366 shares during the last quarter. Greykasell Wealth Strategies Inc. acquired a new stake in shares of iShares ESG Aware MSCI EM ETF in the fourth quarter valued at approximately $1,254,000. Finally, TIAA Trust National Association boosted its position in shares of iShares ESG Aware MSCI EM ETF by 0.6% during the fourth quarter. TIAA Trust National Association now owns 6,177,766 shares of the company’s stock worth $206,956,000 after buying an additional 36,306 shares during the period.

iShares ESG Aware MSCI EM ETF Company Profile

The iShares ESG Aware MSCI EM ETF (ESGE) is an exchange-traded fund that is based on the MSCI EM Extended ESG Focus index. The fund tracks an index of large- and mid-cap companies from emerging market economies. Stocks are selected and weighted for positive environmental, social, and governance characteristics while maintaining similar investment risk\u002Freturn of the market.