iShares MSCI USA ESG Select ETF (NYSEARCA:SUSA) Sets New 1-Year High – Still a Buy?

iShares MSCI USA ESG Select ETF (NYSEARCA:SUSA) shares hit a new 52-week high on Friday . The company traded as high as $143.22 and last traded at $143.12, with a volume of 2175 shares changing hands. The stock had previously closed at $141.27.

iShares MSCI USA ESG Select ETF Stock Performance

The company has a market cap of $3.77 billion, a P/E ratio of -257.83 and a beta of 1.06. The business’s fifty day moving average is $137.09 and its two-hundred day moving average is $138.33.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SUSA. Northwestern Mutual Wealth Management Co. increased its position in iShares MSCI USA ESG Select ETF by 696.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 532,734 shares of the company’s stock valued at $74,236,000 after purchasing an additional 465,886 shares during the period. Royal Bank of Canada increased its position in iShares MSCI USA ESG Select ETF by 17.2% during the 4th quarter. Royal Bank of Canada now owns 633,422 shares of the company’s stock valued at $88,263,000 after purchasing an additional 92,759 shares during the period. Mercer Global Advisors Inc. ADV increased its position in iShares MSCI USA ESG Select ETF by 44.6% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 298,212 shares of the company’s stock valued at $40,452,000 after purchasing an additional 91,997 shares during the period. Quent Long Short Global Small Cap Fund LP purchased a new position in iShares MSCI USA ESG Select ETF during the 4th quarter valued at about $12,776,000. Finally, Elevation Capital Advisory LLC purchased a new position in iShares MSCI USA ESG Select ETF during the 3rd quarter valued at about $6,826,000.

About iShares MSCI USA ESG Select ETF

The iShares MSCI USA ESG Select ETF (SUSA) is an exchange-traded fund that is based on the MSCI USA Extended ESG Select index. The fund tracks an index of US companies with high environmental, social and governance (ESG) factor scores as calculated by MSCI. SUSA was launched on Jan 24, 2005 and is managed by BlackRock.