iShares ESG Select Screened S&P 500 ETF (BATS:XVV) Stock Price Up 29.6% – Here’s What Happened

iShares ESG Select Screened S&P 500 ETF (BATS:XVV)’s stock price shot up 29.6% during trading on Tuesday . The company traded as high as $41.91 and last traded at $53.1950. 13,906 shares traded hands during trading, a decline of 51% from the average session volume of 28,547 shares. The stock had previously closed at $41.04.

iShares ESG Select Screened S&P 500 ETF Stock Up 30.1%

The stock has a market cap of $467.03 million, a price-to-earnings ratio of 25.63 and a beta of 1.04. The company’s 50-day moving average is $52.33 and its 200-day moving average is $50.30.

Hedge Funds Weigh In On iShares ESG Select Screened S&P 500 ETF

Several hedge funds and other institutional investors have recently modified their holdings of XVV. Thrivent Financial for Lutherans acquired a new stake in iShares ESG Select Screened S&P 500 ETF in the 3rd quarter valued at $3,245,000. Raymond James Financial Inc. boosted its stake in shares of iShares ESG Select Screened S&P 500 ETF by 48.0% in the 3rd quarter. Raymond James Financial Inc. now owns 89,830 shares of the company’s stock valued at $4,628,000 after purchasing an additional 29,116 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of iShares ESG Select Screened S&P 500 ETF by 137.1% in the 1st quarter. Focus Partners Wealth now owns 34,266 shares of the company’s stock valued at $1,466,000 after purchasing an additional 19,813 shares in the last quarter. Sound Stewardship LLC bought a new stake in shares of iShares ESG Select Screened S&P 500 ETF in the 2nd quarter worth about $892,000. Finally, Citadel Advisors LLC increased its position in shares of iShares ESG Select Screened S&P 500 ETF by 198.3% during the 3rd quarter. Citadel Advisors LLC now owns 27,015 shares of the company’s stock worth $1,392,000 after purchasing an additional 17,959 shares in the last quarter.

About iShares ESG Select Screened S&P 500 ETF

The iShares ESG Screened S&P 500 ETF (XVV) is an exchange-traded fund that is based on the S&P 500 Sustainability Screened index. The fund tracks a market-cap weighted index of US large-caps caps screened for sustainability and excluding those with exposure to certain controversial business activities. XVV was launched on Sep 22, 2020 and is managed by BlackRock.