iShares MSCI Global Sustainable Development Goals ETF (NASDAQ:SDG) Trading Down 0.4% – Here’s What Happened

iShares MSCI Global Sustainable Development Goals ETF (NASDAQ:SDG) dropped 0.4% during mid-day trading on Wednesday . The company traded as low as $86.62 and last traded at $86.80. Approximately 3,925 shares were traded during trading, a decline of 56% from the average daily volume of 8,972 shares. The stock had previously closed at $87.12.

iShares MSCI Global Sustainable Development Goals ETF Stock Performance

The company has a 50-day moving average of $83.51 and a 200-day moving average of $79.39. The stock has a market cap of $173.60 million, a price-to-earnings ratio of 18.86 and a beta of 0.70.

Institutional Investors Weigh In On iShares MSCI Global Sustainable Development Goals ETF

Large investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC purchased a new position in iShares MSCI Global Sustainable Development Goals ETF in the 2nd quarter valued at $206,000. Flow Traders U.S. LLC raised 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 buying an additional 76,069 shares during the last quarter. Finally, First Horizon Corp acquired a new stake in shares of iShares MSCI Global Sustainable Development Goals ETF in the 3rd quarter worth $269,000.

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.