iShares MSCI Global Sustainable Development Goals ETF (NASDAQ:SDG) Trading Up 1% – Still a Buy?

Shares of iShares MSCI Global Sustainable Development Goals ETF (NASDAQ:SDG) were up 1% during mid-day trading on Thursday . The stock traded as high as $83.28 and last traded at $83.26. Approximately 3,466 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 9,945 shares. The stock had previously closed at $82.46.

iShares MSCI Global Sustainable Development Goals ETF Stock Performance

The stock has a market cap of $179.01 million, a price-to-earnings ratio of 18.86 and a beta of 0.76. The company has a 50-day moving average of $79.88 and a 200-day moving average of $75.94.

Hedge Funds Weigh In On iShares MSCI Global Sustainable Development Goals ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC acquired a new position in iShares MSCI Global Sustainable Development Goals ETF during the 1st quarter worth approximately $315,000. Flow Traders U.S. LLC increased its position in iShares MSCI Global Sustainable Development Goals ETF by 2,058.1% during the 1st quarter. Flow Traders U.S. LLC now owns 79,765 shares of the company’s stock worth $5,774,000 after purchasing an additional 76,069 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in iShares MSCI Global Sustainable Development Goals ETF during the 2nd quarter worth approximately $206,000.

About iShares MSCI Global Sustainable Development Goals ETF

The iShares MSCI Global Impact ETF (SDG) is an exchange-traded fund that is based on the MSCI ACWI Sustainable Impact index. The fund tracks an index composed of companies whose revenues are driven by products and services that address at least one of the United Nation’s Sustainable Development Goals.