iShares ESG MSCI USA Min Vol Factor ETF (NASDAQ:ESMV) Stock Price Up 0% – What’s Next?

iShares ESG MSCI USA Min Vol Factor ETF (NASDAQ:ESMV) shares rose 0% during mid-day trading on Friday . The stock traded as high as $28.91 and last traded at $28.92. Approximately 103 shares changed hands during trading, a decline of 83% from the average daily volume of 594 shares. The stock had previously closed at $28.91.

iShares ESG MSCI USA Min Vol Factor ETF Price Performance

The business’s 50 day moving average price is $29.27 and its 200 day moving average price is $29.01. The stock has a market capitalization of $7.23 million, a P/E ratio of 23.32 and a beta of 0.75.

iShares ESG MSCI USA Min Vol Factor ETF Cuts Dividend

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

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

Several hedge funds and other institutional investors have recently modified their holdings of ESMV. Virtue Capital Management LLC purchased a new position in shares of iShares ESG MSCI USA Min Vol Factor ETF in the 4th quarter worth $1,155,000. Citadel Advisors LLC increased its position in iShares ESG MSCI USA Min Vol Factor ETF by 42.6% during the third 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 last quarter. Finally, Portfolio Design Labs LLC bought a new position in iShares ESG MSCI USA Min Vol Factor ETF in the second quarter valued at about $355,000.

About iShares ESG MSCI USA Min Vol Factor ETF

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.