iShares ESG Advanced MSCI USA ETF (NASDAQ:USXF) Reaches New 52-Week High – Here’s Why

iShares ESG Advanced MSCI USA ETF (NASDAQ:USXF) shares hit a new 52-week high on Wednesday . The company traded as high as $70.00 and last traded at $70.00, with a volume of 1421 shares. The stock had previously closed at $69.00.

iShares ESG Advanced MSCI USA ETF Trading Up 1.3%

The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 28.41 and a beta of 1.09. The company has a fifty day simple moving average of $67.59 and a 200-day simple moving average of $62.84.

iShares ESG Advanced MSCI USA ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a dividend of $0.1226 per share. The ex-dividend date was Monday, June 15th. This represents a $0.49 dividend on an annualized basis and a dividend yield of 0.7%.

Hedge Funds Weigh In On iShares ESG Advanced MSCI USA ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in USXF. Trust Co. of Vermont purchased a new position in iShares ESG Advanced MSCI USA ETF during the 2nd quarter worth approximately $656,000. Investors Research Corp lifted its holdings in shares of iShares ESG Advanced MSCI USA ETF by 18.6% in the second quarter. Investors Research Corp now owns 995 shares of the company’s stock valued at $69,000 after purchasing an additional 156 shares in the last quarter. Insight Wealth Strategies LLC acquired a new stake in shares of iShares ESG Advanced MSCI USA ETF in the second quarter worth $213,000. Accel Wealth Management acquired a new stake in shares of iShares ESG Advanced MSCI USA ETF in the second quarter worth $201,000. Finally, Highland Financial Advisors LLC grew its holdings in shares of iShares ESG Advanced MSCI USA ETF by 60.7% during the second quarter. Highland Financial Advisors LLC now owns 77,452 shares of the company’s stock valued at $5,379,000 after buying an additional 29,248 shares in the last quarter.

iShares ESG Advanced MSCI USA ETF Company Profile

The iShares ESG Advanced MSCI USA ETF (USXF) is an exchange-traded fund that is based on the MSCI USA Choice ESG Screened index. The fund tracks an index of large- and mid-cap US equities screened for positive environmental, social and governance rating while also screening for involvement in controversial activities. USXF was launched on Jun 16, 2020 and is managed by BlackRock.