iShares ESG Aware MSCI USA ETF (NASDAQ:ESGU) Hits New 1-Year High – Here’s What Happened

iShares ESG Aware MSCI USA ETF (NASDAQ:ESGU)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $167.24 and last traded at $167.21, with a volume of 9867 shares. The stock had previously closed at $166.11.

iShares ESG Aware MSCI USA ETF Trading Up 1.0%

The stock has a market capitalization of $18.19 billion, a price-to-earnings ratio of 25.34 and a beta of 1.03. The stock has a 50-day simple moving average of $163.26 and a 200 day simple moving average of $154.95.

iShares ESG Aware MSCI USA ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a $0.3431 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.37 dividend on an annualized basis and a yield of 0.8%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Bank of America Corp DE raised its holdings in shares of iShares ESG Aware MSCI USA ETF by 3.5% in the first quarter. Bank of America Corp DE now owns 13,803,021 shares of the company’s stock valued at $1,952,023,000 after purchasing an additional 467,558 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in iShares ESG Aware MSCI USA ETF by 4.2% during the fourth quarter. JPMorgan Chase & Co. now owns 10,288,654 shares of the company’s stock worth $1,532,804,000 after purchasing an additional 411,010 shares during the last quarter. National Bank of Canada FI grew its position in iShares ESG Aware MSCI USA ETF by 100.1% in the third quarter. National Bank of Canada FI now owns 363,600 shares of the company’s stock valued at $52,940,000 after purchasing an additional 181,900 shares in the last quarter. Axxcess Wealth Management LLC grew its position in iShares ESG Aware MSCI USA ETF by 1,064.3% in the fourth quarter. Axxcess Wealth Management LLC now owns 164,684 shares of the company’s stock valued at $24,535,000 after purchasing an additional 150,539 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in iShares ESG Aware MSCI USA ETF by 303.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 165,599 shares of the company’s stock valued at $24,111,000 after buying an additional 124,573 shares during the last quarter.

About iShares ESG Aware MSCI USA ETF

The iShares ESG Aware MSCI USA ETF (ESGU) is an exchange-traded fund that is based on the MSCI USA Extended ESG Focus index. The fund tracks an index composed of US companies that are selected and weighted for positive environmental, social and governance characteristics. ESGU was launched on Dec 1, 2016 and is managed by BlackRock.