iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM) Shares Up 1.1% – Here’s Why

iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM) shares rose 1.1% during trading on Friday. The company traded as high as $56.55 and last traded at $56.5190. 574 shares traded hands during trading, a decline of 71% from the average daily volume of 1,977 shares. The stock had previously closed at $55.89.

iShares ESG MSCI EM Leaders ETF Stock Up 1.1%

The firm has a market cap of $31.09 million, a PE ratio of 11.86 and a beta of 0.68. The company has a 50-day simple moving average of $59.88 and a two-hundred day simple moving average of $60.59.

Hedge Funds Weigh In On iShares ESG MSCI EM Leaders ETF

A number of large investors have recently made changes to their positions in LDEM. Cliftonlarsonallen Wealth Advisors LLC bought a new position in shares of iShares ESG MSCI EM Leaders ETF in the third quarter worth approximately $1,358,000. Integrated Wealth Concepts LLC bought a new stake in iShares ESG MSCI EM Leaders ETF during the 2nd quarter valued at $50,000. CI Investments Inc. raised its holdings in iShares ESG MSCI EM Leaders ETF by 7.7% during the 1st quarter. CI Investments Inc. now owns 12,540 shares of the company’s stock valued at $727,000 after buying an additional 900 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in iShares ESG MSCI EM Leaders ETF during the 3rd quarter valued at $2,375,000. Finally, Integrity Advisory Solutions LLC boosted its position in iShares ESG MSCI EM Leaders ETF by 4.5% during the 3rd quarter. Integrity Advisory Solutions LLC now owns 8,405 shares of the company’s stock valued at $508,000 after buying an additional 365 shares during the period.

iShares ESG MSCI EM Leaders ETF Company Profile

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.