iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE) Hits New 52-Week Low – Here’s Why

iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE)’s stock price hit a new 52-week low on Monday . The stock traded as low as $30.86 and last traded at $31.28, with a volume of 1034433 shares traded. The stock had previously closed at $32.52.

iShares ESG Aware MSCI EM ETF Stock Performance

The firm’s 50 day simple moving average is $35.12 and its 200 day simple moving average is $35.02. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 13.56 and a beta of 0.64.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in shares of iShares ESG Aware MSCI EM ETF in the 4th quarter valued at about $36,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of iShares ESG Aware MSCI EM ETF by 51.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,148 shares of the company’s stock valued at $38,000 after buying an additional 390 shares in the last quarter. Coppell Advisory Solutions LLC raised its stake in shares of iShares ESG Aware MSCI EM ETF by 42.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,388 shares of the company’s stock worth $47,000 after buying an additional 414 shares during the period. Trust Co. of Vermont lifted its position in shares of iShares ESG Aware MSCI EM ETF by 61.8% during the 4th quarter. Trust Co. of Vermont now owns 1,560 shares of the company’s stock valued at $52,000 after buying an additional 596 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in iShares ESG Aware MSCI EM ETF in the 3rd quarter valued at $66,000.

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.