iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM) Stock Falls 0.2% – Time to Sell?

iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM) were down 0.2% during mid-day trading on Thursday. The company traded as low as $60.37 and last traded at $60.35. Approximately 1,186 shares traded hands during trading, a decline of 39% from the average daily volume of 1,956 shares. The stock had previously closed at $60.50.

iShares ESG MSCI EM Leaders ETF Price Performance

The business has a fifty day moving average of $60.89 and a 200 day moving average of $60.60. The stock has a market cap of $33.19 million, a PE ratio of 14.34 and a beta of 0.66.

Hedge Funds Weigh In On iShares ESG MSCI EM Leaders ETF

A hedge fund recently raised its position in iShares ESG MSCI EM Leaders ETF stock. CI Investments Inc. increased its stake in iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM) by 7.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,540 shares of the company’s stock after buying an additional 900 shares during the period. CI Investments Inc. owned about 2.28% of iShares ESG MSCI EM Leaders ETF worth $727,000 at the end of the most recent reporting period.

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.