iShares ESG Aware MSCI USA ETF (NASDAQ:ESGU) Hits New 52-Week High – Should You Buy?

iShares ESG Aware MSCI USA ETF (NASDAQ:ESGU)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $157.82 and last traded at $157.82, with a volume of 116942 shares changing hands. The stock had previously closed at $156.42.

iShares ESG Aware MSCI USA ETF Trading Up 0.9%

The firm’s 50-day moving average price is $147.59 and its 200 day moving average price is $148.49. The company has a market capitalization of $16.67 billion, a price-to-earnings ratio of 25.34 and a beta of 1.03.

iShares ESG Aware MSCI USA ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were issued a dividend of $0.3698 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $1.48 annualized dividend and a dividend yield of 0.9%.

Institutional Investors Weigh In On iShares ESG Aware MSCI USA ETF

Several hedge funds and other institutional investors have recently made changes to their positions in ESGU. Envestnet Asset Management Inc. grew its holdings in shares of iShares ESG Aware MSCI USA ETF by 24.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,260,765 shares of the company’s stock valued at $329,167,000 after purchasing an additional 444,833 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of iShares ESG Aware MSCI USA ETF by 3.2% during the 3rd quarter. Bank of America Corp DE now owns 13,489,213 shares of the company’s stock valued at $1,964,029,000 after purchasing an additional 421,048 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of iShares ESG Aware MSCI USA ETF by 4.2% during the 4th quarter. JPMorgan Chase & Co. now owns 10,288,654 shares of the company’s stock valued at $1,532,804,000 after purchasing an additional 411,010 shares during the last quarter. Citigroup Inc. grew its holdings in shares of iShares ESG Aware MSCI USA ETF by 74.1% during the 3rd quarter. Citigroup Inc. now owns 618,989 shares of the company’s stock valued at $90,125,000 after purchasing an additional 263,387 shares during the last quarter. Finally, Bank of Nova Scotia bought a new stake in shares of iShares ESG Aware MSCI USA ETF during the 3rd quarter valued at approximately $27,067,000.

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.