iShares ESG Advanced MSCI USA ETF (NASDAQ:USXF) Hits New 12-Month High – Time to Buy?

iShares ESG Advanced MSCI USA ETF (NASDAQ:USXF)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $70.00 and last traded at $70.00, with a volume of 251 shares trading hands. The stock had previously closed at $69.09.

iShares ESG Advanced MSCI USA ETF Price Performance

The firm’s fifty day moving average price is $67.55 and its two-hundred day moving average price is $62.61. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 28.41 and a beta of 1.09.

iShares ESG Advanced MSCI USA ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a dividend of $0.1226 per share. The ex-dividend date was Monday, June 15th. This represents a $0.49 annualized dividend and a yield of 0.7%.

Institutional Investors Weigh In On iShares ESG Advanced MSCI USA ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in shares of iShares ESG Advanced MSCI USA ETF by 5.0% in the 1st quarter. Royal Bank of Canada now owns 137,466 shares of the company’s stock worth $6,415,000 after buying an additional 6,508 shares during the last quarter. Jane Street Group LLC bought a new stake in iShares ESG Advanced MSCI USA ETF during the first quarter worth $452,000. First Trust Advisors LP boosted its position in iShares ESG Advanced MSCI USA ETF by 14.0% in the second quarter. First Trust Advisors LP now owns 5,216 shares of the company’s stock worth $281,000 after purchasing an additional 642 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in iShares ESG Advanced MSCI USA ETF in the 2nd quarter valued at $105,000. Finally, Sei Investments Co. grew its stake in iShares ESG Advanced MSCI USA ETF by 15.0% in the 2nd quarter. Sei Investments Co. now owns 715,184 shares of the company’s stock valued at $38,570,000 after purchasing an additional 93,098 shares during the period.

About iShares ESG Advanced MSCI USA ETF

The iShares ESG Advanced MSCI USA ETF (USXF) is an exchange-traded fund that is based on the MSCI USA Choice ESG Screened index. The fund tracks an index of large- and mid-cap US equities screened for positive environmental, social and governance rating while also screening for involvement in controversial activities. USXF was launched on Jun 16, 2020 and is managed by BlackRock.