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

iShares ESG Aware MSCI USA ETF (NASDAQ:ESGU) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $157.82 and last traded at $157.82, with a volume of 116942 shares. The stock had previously closed at $156.42.

iShares ESG Aware MSCI USA ETF Trading Up 0.9%

The company has a market cap of $16.67 billion, a price-to-earnings ratio of 25.34 and a beta of 1.03. The business’s 50 day moving average price is $147.59 and its 200-day moving average price is $148.49.

iShares ESG Aware MSCI USA ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were given a dividend of $0.3698 per share. The ex-dividend date was Tuesday, March 17th. This represents a $1.48 annualized dividend and a yield of 0.9%.

Hedge Funds Weigh In On iShares ESG Aware MSCI USA ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. raised its stake in iShares ESG Aware MSCI USA ETF by 24.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,260,765 shares of the company’s stock worth $329,167,000 after purchasing an additional 444,833 shares in the last quarter. Bank of America Corp DE raised its stake in iShares ESG Aware MSCI USA ETF by 3.2% in the 3rd quarter. Bank of America Corp DE now owns 13,489,213 shares of the company’s stock worth $1,964,029,000 after purchasing an additional 421,048 shares in the last quarter. JPMorgan Chase & Co. raised its stake in iShares ESG Aware MSCI USA ETF by 4.2% in the 4th quarter. JPMorgan Chase & Co. now owns 10,288,654 shares of the company’s stock worth $1,532,804,000 after purchasing an additional 411,010 shares in the last quarter. Citigroup Inc. raised its stake in iShares ESG Aware MSCI USA ETF by 74.1% in the 3rd quarter. Citigroup Inc. now owns 618,989 shares of the company’s stock worth $90,125,000 after purchasing an additional 263,387 shares in the last quarter. Finally, Bank of Nova Scotia acquired a new stake in iShares ESG Aware MSCI USA ETF in the 3rd quarter worth about $27,067,000.

About iShares ESG Aware MSCI USA ETF

The iShares ESG Aware MSCI USA ETF (ESGU) is an exchange-traded fund that is based on the MSCI USA Extended ESG Focus index. The fund tracks an index composed of US companies that are selected and weighted for positive environmental, social and governance characteristics. ESGU was launched on Dec 1, 2016 and is managed by BlackRock.