iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM) Stock Price Down 0.3% – Should You Sell?

iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM)’s share price dropped 0.3% during trading on Thursday . The company traded as low as $63.15 and last traded at $63.3190. Approximately 879 shares were traded during mid-day trading, a decline of 25% from the average daily volume of 1,172 shares. The stock had previously closed at $63.49.

iShares ESG MSCI EM Leaders ETF Stock Performance

The company has a fifty day moving average of $60.83 and a two-hundred day moving average of $59.13. The company has a market cap of $34.83 million, a PE ratio of 14.34 and a beta of 0.63.

iShares ESG MSCI EM Leaders ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were paid a $1.2739 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a dividend yield of 440.0%.

Hedge Funds Weigh In On iShares ESG MSCI EM Leaders ETF

Hedge funds have recently added to or reduced their stakes in the company. OLD Mission Capital LLC lifted its stake in 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 purchasing an additional 34,347 shares during the last quarter. Osaic Holdings Inc. raised its holdings 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. lifted its stake in shares of iShares ESG MSCI EM Leaders ETF by 10.4% during the 4th quarter. CI Investments Inc. now owns 11,640 shares of the company’s stock worth $676,000 after acquiring an additional 1,100 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of iShares ESG MSCI EM Leaders ETF by 12.0% during the 4th quarter. Jane Street Group LLC now owns 5,824 shares of the company’s stock worth $338,000 after acquiring an additional 625 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings 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 acquiring an additional 1,840 shares during the period.

iShares ESG MSCI EM Leaders ETF Company Profile

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.