iShares ESG Aware MSCI USA ETF (NASDAQ:ESGU) Hits New 12-Month High – Still a Buy?

Shares of iShares ESG Aware MSCI USA ETF (NASDAQ:ESGU) reached a new 52-week high on Wednesday . The company traded as high as $145.94 and last traded at $145.03, with a volume of 430438 shares trading hands. The stock had previously closed at $145.86.

iShares ESG Aware MSCI USA ETF Stock Down 0.5%

The stock has a 50 day simple moving average of $140.72 and a two-hundred day simple moving average of $130.95. The stock has a market capitalization of $14.56 billion, a P/E ratio of 25.34 and a beta of 1.02.

iShares ESG Aware MSCI USA ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were paid a dividend of $0.3655 per share. The ex-dividend date was Tuesday, September 16th. This represents a $1.46 annualized dividend and a dividend yield of 1.0%. This is an increase from iShares ESG Aware MSCI USA ETF’s previous quarterly dividend of $0.32.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ESGU. TIAA Trust National Association boosted its stake in shares of iShares ESG Aware MSCI USA ETF by 7.4% during the 2nd quarter. TIAA Trust National Association now owns 6,274,672 shares of the company’s stock worth $843,976,000 after acquiring an additional 433,867 shares during the period. Goldman Sachs Group Inc. boosted its stake in iShares ESG Aware MSCI USA ETF by 6.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,892,537 shares of the company’s stock valued at $474,539,000 after purchasing an additional 238,134 shares during the period. Northern Trust Corp boosted its stake in iShares ESG Aware MSCI USA ETF by 3.5% in the 1st quarter. Northern Trust Corp now owns 6,824,650 shares of the company’s stock valued at $831,993,000 after purchasing an additional 233,643 shares during the period. Wealthfront Advisers LLC boosted its stake in iShares ESG Aware MSCI USA ETF by 8.6% in the 1st quarter. Wealthfront Advisers LLC now owns 2,173,670 shares of the company’s stock valued at $264,992,000 after purchasing an additional 171,405 shares during the period. Finally, Acorns Advisers LLC boosted its stake in iShares ESG Aware MSCI USA ETF by 5.2% in the 2nd quarter. Acorns Advisers LLC now owns 2,525,401 shares of the company’s stock valued at $341,687,000 after purchasing an additional 124,793 shares during the period.

iShares ESG Aware MSCI USA ETF Company Profile

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.