iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE) Reaches New 12-Month High – Should You Buy?

iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $51.08 and last traded at $50.98, with a volume of 43488 shares. The stock had previously closed at $50.03.

iShares ESG Aware MSCI EM ETF Stock Performance

The firm’s 50-day moving average price is $47.61 and its 200 day moving average price is $45.85. The company has a market cap of $6.64 billion, a price-to-earnings ratio of 14.52 and a beta of 0.68.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC lifted its stake in iShares ESG Aware MSCI EM ETF by 21.7% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 1,289 shares of the company’s stock valued at $57,000 after buying an additional 230 shares in the last quarter. Bear Mountain Capital Inc. lifted its stake in iShares ESG Aware MSCI EM ETF by 0.5% in the fourth quarter. Bear Mountain Capital Inc. now owns 45,930 shares of the company’s stock valued at $2,153,000 after buying an additional 250 shares in the last quarter. Continuum Advisory LLC lifted its stake in iShares ESG Aware MSCI EM ETF by 4.5% in the fourth quarter. Continuum Advisory LLC now owns 6,859 shares of the company’s stock valued at $303,000 after buying an additional 298 shares in the last quarter. Rossby Financial LCC lifted its stake in iShares ESG Aware MSCI EM ETF by 18.0% in the fourth quarter. Rossby Financial LCC now owns 2,941 shares of the company’s stock valued at $130,000 after buying an additional 449 shares in the last quarter. Finally, Community Bank N.A. lifted its stake in iShares ESG Aware MSCI EM ETF by 6.3% in the third quarter. Community Bank N.A. now owns 7,601 shares of the company’s stock valued at $330,000 after buying an additional 452 shares in the last quarter.

iShares ESG Aware MSCI EM ETF Company Profile

The iShares ESG Aware MSCI EM ETF (ESGE) is an exchange-traded fund that is based on the MSCI EM Extended ESG Focus index. The fund tracks an index of large- and mid-cap companies from emerging market economies. Stocks are selected and weighted for positive environmental, social, and governance characteristics while maintaining similar investment risk\u002Freturn of the market. ESGE was launched on Jun 28, 2016 and is managed by BlackRock.