FlexShares STOXX US ESG Select Index Fund (BATS:ESG) Trading Down 0.5% – Time to Sell?

FlexShares STOXX US ESG Select Index Fund (BATS:ESG)’s share price fell 0.5% during mid-day trading on Thursday . The stock traded as low as $159.76 and last traded at $159.93. 709 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 1,228 shares. The stock had previously closed at $160.67.

FlexShares STOXX US ESG Select Index Fund Trading Down 0.5%

The stock has a market capitalization of $131.94 million, a PE ratio of 24.02 and a beta of 1.04. The business’s 50 day moving average is $159.78 and its 200 day moving average is $155.63.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ESG. Farther Finance Advisors LLC lifted its stake in shares of FlexShares STOXX US ESG Select Index Fund by 46.5% during the 4th quarter. Farther Finance Advisors LLC now owns 293 shares of the company’s stock worth $46,000 after acquiring an additional 93 shares during the last quarter. Kestra Advisory Services LLC bought a new position in FlexShares STOXX US ESG Select Index Fund in the 4th quarter valued at $47,000. Caldwell Trust Co purchased a new stake in FlexShares STOXX US ESG Select Index Fund in the second quarter worth $58,000. Global Retirement Partners LLC purchased a new stake in FlexShares STOXX US ESG Select Index Fund in the third quarter worth $147,000. Finally, Values Added Financial LLC bought a new stake in shares of FlexShares STOXX US ESG Select Index Fund during the fourth quarter worth $201,000.

About FlexShares STOXX US ESG Select Index Fund

The FlexShares STOXX US ESG Select Index Fund (ESG) is an exchange-traded fund that is based on the STOXX USA ESG Select KPIs index. The fund follows a principles-based index composed of US-listed companies that exhibit environmental, social, and corporate governance (ESG) characteristics. ESG was launched on Jul 13, 2016 and is managed by FlexShares.