iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE) Hits New 52-Week High – Still a Buy?

Shares of iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE) hit a new 52-week high on Monday . The company traded as high as $40.28 and last traded at $40.13, with a volume of 518496 shares trading hands. The stock had previously closed at $39.92.

iShares ESG Aware MSCI EM ETF Stock Performance

The stock has a 50 day moving average price of $38.24 and a 200 day moving average price of $35.87. The company has a market cap of $5.13 billion, a P/E ratio of 14.52 and a beta of 0.75.

iShares ESG Aware MSCI EM ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, June 16th were paid a $0.3727 dividend. The ex-dividend date was Monday, June 16th. This is a boost from iShares ESG Aware MSCI EM ETF’s previous dividend of $0.02.

Hedge Funds Weigh In On iShares ESG Aware MSCI EM ETF

Several hedge funds have recently added to or reduced their stakes in the company. Quent Capital LLC increased its stake in shares of iShares ESG Aware MSCI EM ETF by 0.4% in the second quarter. Quent Capital LLC now owns 115,286 shares of the company’s stock worth $4,516,000 after buying an additional 429 shares during the last quarter. USA Financial Formulas acquired a new stake in iShares ESG Aware MSCI EM ETF during the second quarter worth approximately $994,000. Janney Montgomery Scott LLC raised its stake in shares of iShares ESG Aware MSCI EM ETF by 20.1% in the second quarter. Janney Montgomery Scott LLC now owns 72,418 shares of the company’s stock valued at $2,837,000 after buying an additional 12,142 shares during the period. American National Bank & Trust purchased a new stake in iShares ESG Aware MSCI EM ETF in the 2nd quarter worth approximately $43,000. Finally, Ryan Investment Management Inc. purchased a new position in iShares ESG Aware MSCI EM ETF during the second quarter valued at $433,000.

iShares ESG Aware MSCI EM ETF Company Profile

The iShares ESG Aware MSCI EM ETF (ESGE) is an exchange-traded fund that is based on the MSCI EM Extended ESG Focus index. The fund tracks an index of large- and mid-cap companies from emerging market economies. Stocks are selected and weighted for positive environmental, social, and governance characteristics while maintaining similar investment risk\u002Freturn of the market.