iShares MSCI USA ESG Select ETF (NYSEARCA:SUSA) Sees Strong Trading Volume – Should You Buy?

iShares MSCI USA ESG Select ETF (NYSEARCA:SUSA) saw strong trading volume on Tuesday . 111,225 shares changed hands during mid-day trading, a decline of 42% from the previous session’s volume of 191,064 shares.The stock last traded at $121.75 and had previously closed at $122.58.

iShares MSCI USA ESG Select ETF Price Performance

The company’s fifty day simple moving average is $120.60 and its 200-day simple moving average is $115.45. The firm has a market capitalization of $3.89 billion, a PE ratio of 28.35 and a beta of 1.02.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SUSA. Chilton Capital Management LLC purchased a new stake in iShares MSCI USA ESG Select ETF during the 2nd quarter valued at about $34,000. Eastern Bank purchased a new stake in iShares MSCI USA ESG Select ETF during the 3rd quarter valued at about $45,000. Front Row Advisors LLC grew its stake in iShares MSCI USA ESG Select ETF by 69.1% during the 2nd quarter. Front Row Advisors LLC now owns 465 shares of the company’s stock valued at $52,000 after acquiring an additional 190 shares in the last quarter. Reston Wealth Management LLC purchased a new stake in iShares MSCI USA ESG Select ETF during the 3rd quarter valued at about $79,000. Finally, Farther Finance Advisors LLC grew its stake in iShares MSCI USA ESG Select ETF by 39.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 723 shares of the company’s stock valued at $87,000 after acquiring an additional 205 shares in the last quarter.

About iShares MSCI USA ESG Select ETF

The iShares MSCI USA ESG Select ETF (SUSA) is an exchange-traded fund that is based on the MSCI USA Extended ESG Select index. The fund tracks an index of US companies with high environmental, social and governance (ESG) factor scores as calculated by MSCI. SUSA was launched on Jan 24, 2005 and is managed by BlackRock.