iShares ESG Aware MSCI USA ETF (NASDAQ:ESGU) Sets New 12-Month High – Still a Buy?

iShares ESG Aware MSCI USA ETF (NASDAQ:ESGU) hit a new 52-week high on Thursday . The company traded as high as $170.68 and last traded at $170.67, with a volume of 17289 shares. The stock had previously closed at $169.41.

iShares ESG Aware MSCI USA ETF Stock Performance

The stock has a fifty day simple moving average of $164.12 and a 200-day simple moving average of $156.14. The stock has a market cap of $18.44 billion, a P/E ratio of 25.34 and a beta of 1.03.

iShares ESG Aware MSCI USA ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a dividend of $0.3431 per share. This represents a $1.37 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, June 15th.

Hedge Funds Weigh In On iShares ESG Aware MSCI USA ETF

Several hedge funds have recently made changes to their positions in the business. Bank of America Corp DE grew its position in iShares ESG Aware MSCI USA ETF by 3.5% in the first quarter. Bank of America Corp DE now owns 13,803,021 shares of the company’s stock valued at $1,952,023,000 after purchasing an additional 467,558 shares in the last quarter. JPMorgan Chase & Co. lifted its position in 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 worth $1,532,804,000 after buying an additional 411,010 shares in the last quarter. National Bank of Canada FI boosted its stake in shares of iShares ESG Aware MSCI USA ETF by 100.1% during the 3rd quarter. National Bank of Canada FI now owns 363,600 shares of the company’s stock worth $52,940,000 after buying an additional 181,900 shares during the last quarter. Axxcess Wealth Management LLC boosted its stake in shares of iShares ESG Aware MSCI USA ETF by 1,064.3% during the 4th quarter. Axxcess Wealth Management LLC now owns 164,684 shares of the company’s stock worth $24,535,000 after buying an additional 150,539 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of iShares ESG Aware MSCI USA ETF by 303.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 165,599 shares of the company’s stock worth $24,111,000 after buying an additional 124,573 shares during the last quarter.

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.