iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE) Hits New 52-Week High – Should You Buy?

iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $48.98 and last traded at $48.8650, with a volume of 465997 shares. The stock had previously closed at $48.70.

iShares ESG Aware MSCI EM ETF Stock Performance

The company has a fifty day moving average of $45.64 and a two-hundred day moving average of $43.68. The company has a market cap of $6.40 billion, a price-to-earnings ratio of 14.52 and a beta of 0.66.

iShares ESG Aware MSCI EM ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were paid a $0.7318 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a dividend yield of 342.0%.

Hedge Funds Weigh In On iShares ESG Aware MSCI EM ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bear Mountain Capital Inc. lifted its stake in iShares ESG Aware MSCI EM ETF by 0.5% in the fourth quarter. Bear Mountain Capital Inc. now owns 45,930 shares of the company’s stock valued at $2,153,000 after buying an additional 250 shares during the period. Portland Global Advisors LLC lifted its position in shares of iShares ESG Aware MSCI EM ETF by 2.8% during the 2nd quarter. Portland Global Advisors LLC now owns 13,275 shares of the company’s stock valued at $520,000 after acquiring an additional 365 shares during the period. Community Bank N.A. boosted its stake in iShares ESG Aware MSCI EM ETF by 6.3% during the third quarter. Community Bank N.A. now owns 7,601 shares of the company’s stock worth $330,000 after acquiring an additional 452 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in iShares ESG Aware MSCI EM ETF by 5.3% in the fourth quarter. Flagship Harbor Advisors LLC now owns 9,622 shares of the company’s stock worth $425,000 after purchasing an additional 480 shares during the period. Finally, Heritage Wealth Advisors increased its stake in iShares ESG Aware MSCI EM ETF by 1.4% in the third quarter. Heritage Wealth Advisors now owns 40,023 shares of the company’s stock valued at $1,738,000 after purchasing an additional 565 shares in the last quarter.

About iShares ESG Aware MSCI EM ETF

The iShares ESG Aware MSCI EM ETF (ESGE) is an exchange-traded fund that is based on the MSCI EM Extended ESG Focus index. The fund tracks an index of large- and mid-cap companies from emerging market economies. Stocks are selected and weighted for positive environmental, social, and governance characteristics while maintaining similar investment risk\u002Freturn of the market. ESGE was launched on Jun 28, 2016 and is managed by BlackRock.