iShares MSCI USA ESG Select ETF (NYSEARCA:SUSA) Sees Strong Trading Volume – Here’s Why

Shares of iShares MSCI USA ESG Select ETF (NYSEARCA:SUSA) saw unusually-high trading volume on Wednesday . Approximately 140,927 shares changed hands during mid-day trading, an increase of 172% from the previous session’s volume of 51,765 shares.The stock last traded at $152.03 and had previously closed at $152.67.

iShares MSCI USA ESG Select ETF Price Performance

The stock has a market capitalization of $3.99 billion, a P/E ratio of -273.36 and a beta of 1.06. The stock has a fifty day moving average price of $152.98 and a 200 day moving average price of $144.74.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SUSA. Northwestern Mutual Wealth Management Co. lifted its stake in iShares MSCI USA ESG Select ETF by 696.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 532,734 shares of the company’s stock worth $74,236,000 after purchasing an additional 465,886 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of iShares MSCI USA ESG Select ETF by 17.2% in the fourth quarter. Royal Bank of Canada now owns 633,422 shares of the company’s stock worth $88,263,000 after purchasing an additional 92,759 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in shares of iShares MSCI USA ESG Select ETF by 44.6% in the third quarter. Mercer Global Advisors Inc. ADV now owns 298,212 shares of the company’s stock worth $40,452,000 after purchasing an additional 91,997 shares during the period. Quent Long Short Global Small Cap Fund LP purchased a new stake in shares of iShares MSCI USA ESG Select ETF in the fourth quarter worth $12,776,000. Finally, Align Financial LLC purchased a new stake in shares of iShares MSCI USA ESG Select ETF in the fourth quarter worth $6,097,000.

About iShares MSCI USA ESG Select ETF

The iShares MSCI USA ESG Select ETF (SUSA) is an exchange-traded fund that is based on the MSCI USA Extended ESG Select index. The fund tracks an index of US companies with high environmental, social and governance (ESG) factor scores as calculated by MSCI. SUSA was launched on Jan 24, 2005 and is managed by BlackRock.