iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM) Trading 0.3% Higher – Should You Buy?

iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM) traded up 0.3% during trading on Monday . The stock traded as high as $58.16 and last traded at $58.03. 2,228 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 3,169 shares. The stock had previously closed at $57.86.

iShares ESG MSCI EM Leaders ETF Stock Up 0.3%

The firm has a 50 day moving average price of $60.66 and a 200 day moving average price of $59.81. The stock has a market cap of $31.92 million, a P/E ratio of 14.34 and a beta of 0.63.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. OLD Mission Capital LLC raised its stake in shares of iShares ESG MSCI EM Leaders ETF by 131.3% in the fourth quarter. OLD Mission Capital LLC now owns 60,501 shares of the company’s stock worth $3,516,000 after buying an additional 34,347 shares during the period. Osaic Holdings Inc. raised its stake in shares of iShares ESG MSCI EM Leaders ETF by 12.1% in the fourth quarter. Osaic Holdings Inc. now owns 7,537 shares of the company’s stock worth $438,000 after buying an additional 814 shares during the period. CI Investments Inc. raised its stake in shares of iShares ESG MSCI EM Leaders ETF by 10.4% in the fourth quarter. CI Investments Inc. now owns 11,640 shares of the company’s stock worth $676,000 after buying an additional 1,100 shares during the period. Jane Street Group LLC raised its stake in shares of iShares ESG MSCI EM Leaders ETF by 12.0% in the fourth quarter. Jane Street Group LLC now owns 5,824 shares of the company’s stock worth $338,000 after buying an additional 625 shares during the period. Finally, Daiwa Securities Group Inc. raised its stake in iShares ESG MSCI EM Leaders ETF by 13.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 15,550 shares of the company’s stock valued at $904,000 after purchasing an additional 1,840 shares during the period.

About iShares ESG MSCI EM Leaders ETF

The iShares ESG MSCI EM Leaders ETF (LDEM) is an exchange-traded fund that is based on the MSCI EM Extended ESG Leaders index. The fund tracks a tier-weighted index composed of large- and mid-cap emerging-market stocks with high environmental, social, and governance traits relative to their sector peers. LDEM was launched on Feb 5, 2020 and is managed by BlackRock.