iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM) Shares Up 1.3% – Here’s Why

iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM) shares were up 1.3% on Wednesday . The stock traded as high as $61.01 and last traded at $60.89. 356 shares traded hands during trading, a decline of 83% from the average session volume of 2,130 shares. The stock had previously closed at $60.10.

iShares ESG MSCI EM Leaders ETF Stock Up 1.3%

The firm has a market cap of $33.49 million, a P/E ratio of 14.34 and a beta of 0.65. The business’s 50 day moving average is $60.07 and its two-hundred day moving average is $60.70.

iShares ESG MSCI EM Leaders ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were issued a dividend of $0.4964 per share. The ex-dividend date was Monday, June 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Morling Financial Advisors LLC bought a new stake in shares of iShares ESG MSCI EM Leaders ETF during the 4th quarter valued at about $27,000. Farther Finance Advisors LLC grew its stake in iShares ESG MSCI EM Leaders ETF by 297.3% during the fourth quarter. Farther Finance Advisors LLC now owns 3,083 shares of the company’s stock worth $179,000 after purchasing an additional 2,307 shares during the period. Pathfinder Wealth Consulting Inc. bought a new stake in iShares ESG MSCI EM Leaders ETF in the fourth quarter worth approximately $276,000. Jane Street Group LLC increased its holdings in iShares ESG MSCI EM Leaders ETF by 12.0% in the fourth quarter. Jane Street Group LLC now owns 5,824 shares of the company’s stock worth $338,000 after purchasing an additional 625 shares in the last quarter. Finally, Integrity Advisory Solutions LLC lifted its stake in iShares ESG MSCI EM Leaders ETF by 12.9% in the fourth quarter. Integrity Advisory Solutions LLC now owns 7,421 shares of the company’s stock valued at $431,000 after buying an additional 848 shares during the period.

About iShares ESG MSCI EM Leaders ETF

The iShares ESG MSCI EM Leaders ETF (LDEM) is an exchange-traded fund that is based on the MSCI EM Extended ESG Leaders index. The fund tracks a tier-weighted index composed of large- and mid-cap emerging-market stocks with high environmental, social, and governance traits relative to their sector peers. LDEM was launched on Feb 5, 2020 and is managed by BlackRock.