iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM) Shares Down 1.3% – Here’s Why

iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM) shares dropped 1.3% during trading on Wednesday . The stock traded as low as $57.40 and last traded at $57.40. Approximately 793 shares traded hands during trading, a decline of 65% from the average session volume of 2,250 shares. The stock had previously closed at $58.16.

iShares ESG MSCI EM Leaders ETF Stock Performance

The stock has a fifty day simple moving average of $60.21 and a two-hundred day simple moving average of $60.81. The stock has a market cap of $32.74 million, a price-to-earnings ratio of 14.34 and a beta of 0.65.

iShares ESG MSCI EM Leaders ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were given a $0.4964 dividend. The ex-dividend date was Monday, June 15th.

Hedge Funds Weigh In On iShares ESG MSCI EM Leaders ETF

Institutional investors have recently added to or reduced their stakes in the stock. Morling Financial Advisors LLC bought a new position in shares of iShares ESG MSCI EM Leaders ETF during the fourth quarter valued at $27,000. Farther Finance Advisors LLC raised its stake in iShares ESG MSCI EM Leaders ETF by 297.3% during the fourth quarter. Farther Finance Advisors LLC now owns 3,083 shares of the company’s stock worth $179,000 after buying an additional 2,307 shares during the last quarter. Pathfinder Wealth Consulting Inc. acquired a new position in shares of iShares ESG MSCI EM Leaders ETF in the 4th quarter valued at about $276,000. Jane Street Group LLC boosted its holdings in shares of iShares ESG MSCI EM Leaders ETF by 12.0% during the 4th quarter. Jane Street Group LLC now owns 5,824 shares of the company’s stock worth $338,000 after buying an additional 625 shares in the last quarter. Finally, Integrity Advisory Solutions LLC boosted its stake in iShares ESG MSCI EM Leaders ETF by 12.9% during the fourth quarter. Integrity Advisory Solutions LLC now owns 7,421 shares of the company’s stock worth $431,000 after acquiring an additional 848 shares in the last quarter.

About iShares ESG MSCI EM Leaders ETF

The iShares ESG MSCI EM Leaders ETF (LDEM) is an exchange-traded fund that is based on the MSCI EM Extended ESG Leaders index. The fund tracks a tier-weighted index composed of large- and mid-cap emerging-market stocks with high environmental, social, and governance traits relative to their sector peers. LDEM was launched on Feb 5, 2020 and is managed by BlackRock.