iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE) Sets New 52-Week High – What’s Next?

iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $49.94 and last traded at $50.0070, with a volume of 284574 shares changing hands. The stock had previously closed at $49.20.

iShares ESG Aware MSCI EM ETF Stock Performance

The stock has a 50-day moving average of $46.42 and a 200 day moving average of $44.15. The firm has a market capitalization of $6.57 billion, a P/E ratio of 14.52 and a beta of 0.66.

iShares ESG Aware MSCI EM ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were paid a $0.7318 dividend. The ex-dividend date was Tuesday, December 16th. This represents a dividend yield of 342.0%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ESGE. Grey Fox Wealth Advisors LLC acquired a new stake in iShares ESG Aware MSCI EM ETF in the 3rd quarter valued at about $45,000. Vermillion & White Wealth Management Group LLC grew its stake in shares of iShares ESG Aware MSCI EM ETF by 21.7% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 1,289 shares of the company’s stock valued at $57,000 after purchasing an additional 230 shares during the last quarter. GGM Financials LLC acquired a new stake in shares of iShares ESG Aware MSCI EM ETF in the third quarter valued at approximately $58,000. North Star Investment Management Corp. bought a new position in iShares ESG Aware MSCI EM ETF in the 3rd quarter worth approximately $63,000. Finally, EQ Wealth Advisors LLC bought a new position in iShares ESG Aware MSCI EM ETF in the 4th quarter worth approximately $70,000.

iShares ESG Aware MSCI EM ETF Company Profile

The iShares ESG Aware MSCI EM ETF (ESGE) is an exchange-traded fund that is based on the MSCI EM Extended ESG Focus index. The fund tracks an index of large- and mid-cap companies from emerging market economies. Stocks are selected and weighted for positive environmental, social, and governance characteristics while maintaining similar investment risk\u002Freturn of the market. ESGE was launched on Jun 28, 2016 and is managed by BlackRock.