Archer Investment Management LLC Makes New Investment in iShares ESG Aware MSCI USA ETF $ESGU

Archer Investment Management LLC bought a new stake in shares of iShares ESG Aware MSCI USA ETF (NASDAQ:ESGU) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,483 shares of the company’s stock, valued at approximately $966,000.

Several other hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in shares of iShares ESG Aware MSCI USA ETF by 24.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,260,765 shares of the company’s stock worth $329,167,000 after acquiring an additional 444,833 shares in the last quarter. Bank of America Corp DE boosted its stake in iShares ESG Aware MSCI USA ETF by 3.2% in the third quarter. Bank of America Corp DE now owns 13,489,213 shares of the company’s stock valued at $1,964,029,000 after acquiring an additional 421,048 shares in the last quarter. Citigroup Inc. grew its holdings in iShares ESG Aware MSCI USA ETF by 74.1% in the third quarter. Citigroup Inc. now owns 618,989 shares of the company’s stock worth $90,125,000 after purchasing an additional 263,387 shares during the last quarter. Bank of Nova Scotia purchased a new position in iShares ESG Aware MSCI USA ETF in the third quarter worth $27,067,000. Finally, National Bank of Canada FI increased its position in shares of iShares ESG Aware MSCI USA ETF by 100.1% during the third quarter. National Bank of Canada FI now owns 363,600 shares of the company’s stock worth $52,940,000 after purchasing an additional 181,900 shares in the last quarter.

iShares ESG Aware MSCI USA ETF Trading Down 0.4%

Shares of ESGU opened at $142.02 on Wednesday. iShares ESG Aware MSCI USA ETF has a 12 month low of $105.18 and a 12 month high of $152.31. The stock has a fifty day moving average price of $148.35 and a 200-day moving average price of $147.78. The firm has a market cap of $14.93 billion, a PE ratio of 25.34 and a beta of 1.03.

iShares ESG Aware MSCI USA ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were given a dividend of $0.3698 per share. This represents a $1.48 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, March 17th.

iShares ESG Aware MSCI USA ETF Profile

The iShares ESG Aware MSCI USA ETF (ESGU) is an exchange-traded fund that is based on the MSCI USA Extended ESG Focus index. The fund tracks an index composed of US companies that are selected and weighted for positive environmental, social and governance characteristics. ESGU was launched on Dec 1, 2016 and is managed by BlackRock.