iShares ESG MSCI USA Min Vol Factor ETF (NASDAQ:ESMV) Shares Down 0.1% – Time to Sell?

Shares of iShares ESG MSCI USA Min Vol Factor ETF (NASDAQ:ESMV) dropped 0.1% during mid-day trading on Wednesday . The company traded as low as $29.19 and last traded at $29.23. Approximately 2,655 shares traded hands during mid-day trading, an increase of 231% from the average daily volume of 803 shares. The stock had previously closed at $29.26.

iShares ESG MSCI USA Min Vol Factor ETF Stock Performance

The company has a 50 day simple moving average of $28.92 and a two-hundred day simple moving average of $28.87. The firm has a market cap of $7.31 million, a PE ratio of 23.32 and a beta of 0.75.

iShares ESG MSCI USA Min Vol Factor ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were given a $0.1254 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $0.50 dividend on an annualized basis and a yield of 1.7%.

Hedge Funds Weigh In On iShares ESG MSCI USA Min Vol Factor ETF

A number of institutional investors have recently bought and sold shares of ESMV. Citadel Advisors LLC lifted its stake in iShares ESG MSCI USA Min Vol Factor ETF by 42.6% during the 3rd quarter. Citadel Advisors LLC now owns 11,069 shares of the company’s stock valued at $323,000 after acquiring an additional 3,305 shares during the period. Portfolio Design Labs LLC acquired a new stake in shares of iShares ESG MSCI USA Min Vol Factor ETF in the second quarter worth $355,000. Finally, Ascent Group LLC purchased a new position in shares of iShares ESG MSCI USA Min Vol Factor ETF during the second quarter worth $355,000.

iShares ESG MSCI USA Min Vol Factor ETF Company Profile

The iShares ESG MSCI USA Min Vol Factor ETF (ESMV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap US stocks that have low volatility and positive ESG characteristics. ESMV was launched on Nov 2, 2021 and is managed by BlackRock.