iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE) Shares Up 2.7% – Still a Buy?

Shares of iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE) shot up 2.7% during mid-day trading on Monday . The stock traded as high as $55.95 and last traded at $55.85. 722,069 shares were traded during trading, a decline of 32% from the average daily volume of 1,066,660 shares. The stock had previously closed at $54.37.

iShares ESG Aware MSCI EM ETF Stock Down 2.0%

The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 14.52 and a beta of 0.76. The stock’s 50-day moving average price is $53.18 and its 200 day moving average price is $51.76.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ESGE. Ferguson Wellman Capital Management Inc. purchased a new position in shares of iShares ESG Aware MSCI EM ETF in the first quarter valued at approximately $12,881,000. Bank of New York Mellon Corp increased its position in iShares ESG Aware MSCI EM ETF by 60.4% during the first quarter. Bank of New York Mellon Corp now owns 144,636 shares of the company’s stock worth $6,577,000 after buying an additional 54,488 shares during the period. Centennial Bank AR raised its position in iShares ESG Aware MSCI EM ETF by 96.7% in the 1st quarter. Centennial Bank AR now owns 79,400 shares of the company’s stock valued at $3,610,000 after purchasing an additional 39,025 shares during the last quarter. Blue Edge Capital LLC grew its position in iShares ESG Aware MSCI EM ETF by 6.0% during the 2nd quarter. Blue Edge Capital LLC now owns 55,892 shares of the company’s stock worth $3,057,000 after purchasing an additional 3,184 shares during the last quarter. Finally, Koss Olinger Consulting LLC increased its position in iShares ESG Aware MSCI EM ETF by 0.7% in the 1st quarter. Koss Olinger Consulting LLC now owns 61,367 shares of the company’s stock valued at $2,790,000 after acquiring an additional 422 shares during the period.

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.