iShares MSCI USA ESG Select ETF (NYSEARCA:SUSA) Reaches New 1-Year High – Time to Buy?

iShares MSCI USA ESG Select ETF (NYSEARCA:SUSA) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $150.07 and last traded at $149.82, with a volume of 32464 shares changing hands. The stock had previously closed at $149.59.

iShares MSCI USA ESG Select ETF Price Performance

The company has a market cap of $3.93 billion, a P/E ratio of -268.95 and a beta of 1.06. The company has a fifty day simple moving average of $139.08 and a 200-day simple moving average of $139.53.

Hedge Funds Weigh In On iShares MSCI USA ESG Select ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in SUSA. Northwestern Mutual Wealth Management Co. grew its position in iShares MSCI USA ESG Select ETF by 696.9% during 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 grew its position in iShares MSCI USA ESG Select ETF by 17.2% during the 4th 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 in the last quarter. Mercer Global Advisors Inc. ADV grew its position in iShares MSCI USA ESG Select ETF by 44.6% during the 3rd 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 in the last quarter. Quent Long Short Global Small Cap Fund LP purchased a new position in iShares MSCI USA ESG Select ETF during the 4th quarter worth approximately $12,776,000. Finally, Elevation Capital Advisory LLC purchased a new position in iShares MSCI USA ESG Select ETF during the 3rd quarter worth approximately $6,826,000.

iShares MSCI USA ESG Select ETF Company Profile

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.