iShares ESG MSCI USA Min Vol Factor ETF (NASDAQ:ESMV) Shares Down 0.2% – Here’s What Happened

iShares ESG MSCI USA Min Vol Factor ETF (NASDAQ:ESMV) shares dropped 0.2% during mid-day trading on Thursday . The company traded as low as $29.44 and last traded at $29.47. Approximately 810 shares traded hands during mid-day trading, an increase of 11% from the average daily volume of 731 shares. The stock had previously closed at $29.53.

iShares ESG MSCI USA Min Vol Factor ETF Price Performance

The stock’s fifty day moving average is $29.10 and its 200-day moving average is $28.94. The stock has a market cap of $7.37 million, a PE ratio of 23.32 and a beta of 0.75.

iShares ESG MSCI USA Min Vol Factor ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were issued a dividend of $0.1254 per share. The ex-dividend date was Tuesday, December 16th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.7%.

Institutional Investors Weigh In On iShares ESG MSCI USA Min Vol Factor ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ESMV. Citadel Advisors LLC increased its position in shares of 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. Portfolio Design Labs LLC acquired a new position in shares of iShares ESG MSCI USA Min Vol Factor ETF in the 2nd quarter worth approximately $355,000. Finally, Virtue Capital Management LLC purchased a new position in shares of iShares ESG MSCI USA Min Vol Factor ETF during the 4th quarter worth approximately $1,155,000.

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.