iShares MSCI Global Sustainable Development Goals ETF (NASDAQ:SDG) Trading Down 1.9% – Here’s Why

iShares MSCI Global Sustainable Development Goals ETF (NASDAQ:SDG)’s share price were down 1.9% on Tuesday . The company traded as low as $87.59 and last traded at $88.04. Approximately 2,723 shares traded hands during trading, a decline of 41% from the average daily volume of 4,648 shares. The stock had previously closed at $89.73.

iShares MSCI Global Sustainable Development Goals ETF Stock Down 1.9%

The company has a market capitalization of $167.28 million, a P/E ratio of 18.86 and a beta of 0.64. The business has a 50 day simple moving average of $90.05 and a 200-day simple moving average of $86.72.

iShares MSCI Global Sustainable Development Goals ETF Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a dividend of $0.6612 per share. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in iShares MSCI Global Sustainable Development Goals ETF stock. Ameriflex Group Inc. grew its holdings in shares of iShares MSCI Global Sustainable Development Goals ETF (NASDAQ:SDG) by 98.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 364 shares of the company’s stock after buying an additional 181 shares during the period. Ameriflex Group Inc.’s holdings in iShares MSCI Global Sustainable Development Goals ETF were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.

About iShares MSCI Global Sustainable Development Goals ETF

The iShares MSCI Global Impact ETF (SDG) is an exchange-traded fund that is based on the MSCI ACWI Sustainable Impact index. The fund tracks an index composed of companies whose revenues are driven by products and services that address at least one of the United Nation’s Sustainable Development Goals. SDG was launched on Apr 20, 2016 and is managed by BlackRock.