Midwest Financial Partners Investments Inc. Takes Position in iShares ESG Aware MSCI USA ETF $ESGU

Midwest Financial Partners Investments Inc. purchased a new stake in shares of iShares ESG Aware MSCI USA ETF (NASDAQ:ESGU) during the 4th quarter, Holdings Channel.com reports. The fund purchased 40,165 shares of the company’s stock, valued at approximately $5,984,000. iShares ESG Aware MSCI USA ETF accounts for about 3.3% of Midwest Financial Partners Investments Inc.’s portfolio, making the stock its 10th biggest position.

Several other hedge funds have also modified their holdings of ESGU. Envestnet Asset Management Inc. increased its position in iShares ESG Aware MSCI USA ETF by 24.5% in the third quarter. Envestnet Asset Management Inc. now owns 2,260,765 shares of the company’s stock worth $329,167,000 after purchasing an additional 444,833 shares during the period. Bank of America Corp DE increased its position in iShares ESG Aware MSCI USA ETF by 3.2% in the third quarter. Bank of America Corp DE now owns 13,489,213 shares of the company’s stock worth $1,964,029,000 after purchasing an additional 421,048 shares during the period. Citigroup Inc. increased its position in iShares ESG Aware MSCI USA ETF by 74.1% in the third quarter. Citigroup Inc. now owns 618,989 shares of the company’s stock worth $90,125,000 after purchasing an additional 263,387 shares during the period. Bank of Nova Scotia acquired a new stake in iShares ESG Aware MSCI USA ETF in the third quarter worth about $27,067,000. Finally, National Bank of Canada FI increased 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 worth $52,940,000 after purchasing an additional 181,900 shares during the period.

iShares ESG Aware MSCI USA ETF Stock Up 0.2%

Shares of ESGU stock opened at $161.91 on Friday. The stock has a 50-day moving average price of $150.72 and a 200 day moving average price of $149.68. The firm has a market cap of $17.11 billion, a price-to-earnings ratio of 25.34 and a beta of 1.03. iShares ESG Aware MSCI USA ETF has a 12 month low of $125.98 and a 12 month high of $163.15.

iShares ESG Aware MSCI USA ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were given a dividend of $0.3698 per share. The ex-dividend date was Tuesday, March 17th. This represents a $1.48 annualized dividend and a dividend yield of 0.9%.

iShares ESG Aware MSCI USA ETF Profile

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.