iShares ESG Aware MSCI USA ETF (NASDAQ:ESGU) Sees Large Volume Increase – Should You Buy?

iShares ESG Aware MSCI USA ETF (NASDAQ:ESGU) shares saw unusually-high trading volume on Tuesday . 1,138,774 shares traded hands during trading, an increase of 124% from the previous session’s volume of 507,896 shares.The stock last traded at $167.43 and had previously closed at $167.26.

iShares ESG Aware MSCI USA ETF Stock Performance

The company has a 50 day moving average of $165.09 and a 200 day moving average of $157.16. The firm has a market cap of $18.21 billion, a P/E ratio of 25.34 and a beta of 1.03.

iShares ESG Aware MSCI USA ETF Cuts Dividend

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Concurrent Investment Advisors LLC grew its position in iShares ESG Aware MSCI USA ETF by 60.6% during the fourth quarter. Concurrent Investment Advisors LLC now owns 14,651 shares of the company’s stock worth $2,183,000 after buying an additional 5,529 shares in the last quarter. TrueWealth Financial Partners bought a new position in iShares ESG Aware MSCI USA ETF during the fourth quarter valued at approximately $3,806,000. Avise Financial Cooperative Inc. purchased a new position in shares of iShares ESG Aware MSCI USA ETF during the fourth quarter worth approximately $5,186,000. Planning Alternatives Ltd. ADV lifted its holdings in shares of iShares ESG Aware MSCI USA ETF by 9.9% in the 4th quarter. Planning Alternatives Ltd. ADV now owns 35,770 shares of the company’s stock worth $5,329,000 after acquiring an additional 3,229 shares during the last quarter. Finally, Legacy Edge Advisors LLC bought a new stake in shares of iShares ESG Aware MSCI USA ETF in the 4th quarter worth approximately $566,000.

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.