iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE) Sets New 1-Year High – Should You Buy?

iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE) hit a new 52-week high on Tuesday . The company traded as high as $47.79 and last traded at $47.63, with a volume of 687670 shares changing hands. The stock had previously closed at $47.57.

iShares ESG Aware MSCI EM ETF Stock Performance

The stock has a market capitalization of $6.12 billion, a P/E ratio of 14.52 and a beta of 0.66. The business has a 50-day moving average price of $44.79 and a 200 day moving average price of $43.11.

iShares ESG Aware MSCI EM ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were paid a $0.7318 dividend. This represents a dividend yield of 342.0%. The ex-dividend date of this dividend was Tuesday, December 16th.

Hedge Funds Weigh In On iShares ESG Aware MSCI EM ETF

Several large investors have recently modified their holdings of ESGE. Janney Montgomery Scott LLC grew its position in iShares ESG Aware MSCI EM ETF by 20.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 72,418 shares of the company’s stock valued at $2,837,000 after purchasing an additional 12,142 shares during the last quarter. Quent Capital LLC lifted its stake in shares of iShares ESG Aware MSCI EM ETF by 0.4% in the second quarter. Quent Capital LLC now owns 115,286 shares of the company’s stock worth $4,516,000 after buying an additional 429 shares in the last quarter. Acorns Advisers LLC grew its holdings in shares of iShares ESG Aware MSCI EM ETF by 4.0% during the second quarter. Acorns Advisers LLC now owns 1,239,058 shares of the company’s stock valued at $48,534,000 after buying an additional 48,167 shares during the last quarter. eCIO Inc. grew its holdings in shares of iShares ESG Aware MSCI EM ETF by 76.5% during the second quarter. eCIO Inc. now owns 14,991 shares of the company’s stock valued at $587,000 after buying an additional 6,498 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC increased its position in shares of iShares ESG Aware MSCI EM ETF by 18.5% during the second quarter. GPS Wealth Strategies Group LLC now owns 7,483 shares of the company’s stock valued at $293,000 after acquiring an additional 1,170 shares in the last quarter.

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. ESGE was launched on Jun 28, 2016 and is managed by BlackRock.