iShares MSCI USA ESG Select ETF (NYSEARCA:SUSA) Sees Large Volume Increase – Time to Buy?

iShares MSCI USA ESG Select ETF (NYSEARCA:SUSA) saw strong trading volume on Tuesday. Approximately 174,166 shares traded hands during mid-day trading, an increase of 260% from the previous session’s volume of 48,358 shares. The stock last traded at $159.20 and had previously closed at $158.31.

iShares MSCI USA ESG Select ETF Stock Performance

The company has a market cap of $4.09 billion, a PE ratio of -282.57 and a beta of 1.06. The firm has a fifty day simple moving average of $157.23 and a 200 day simple moving average of $151.00.

Hedge Funds Weigh In On iShares MSCI USA ESG Select ETF

A number of hedge funds have recently bought and sold shares of SUSA. Royal Bank of Canada lifted its holdings in shares of iShares MSCI USA ESG Select ETF by 8.6% in the 1st quarter. Royal Bank of Canada now owns 687,964 shares of the company’s stock worth $90,880,000 after purchasing an additional 54,542 shares during the last quarter. IMA Advisory Services Inc. lifted its position in iShares MSCI USA ESG Select ETF by 1.6% in the first quarter. IMA Advisory Services Inc. now owns 522,494 shares of the company’s stock worth $69,022,000 after purchasing an additional 8,040 shares during the period. Baird Financial Group Inc. increased its position in shares of iShares MSCI USA ESG Select ETF by 4.2% during the 2nd quarter. Baird Financial Group Inc. now owns 192,575 shares of the company’s stock valued at $29,714,000 after purchasing an additional 7,701 shares during the period. Stewardship Advisors LLC raised its stake in shares of iShares MSCI USA ESG Select ETF by 5.1% in the 1st quarter. Stewardship Advisors LLC now owns 117,795 shares of the company’s stock worth $15,561,000 after buying an additional 5,727 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of iShares MSCI USA ESG Select ETF by 0.8% in the first quarter. Cetera Investment Advisers now owns 96,974 shares of the company’s stock valued at $12,810,000 after buying an additional 771 shares during the period.

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.