FlexShares STOXX US ESG Select Index Fund (BATS:ESG) Trading 0.4% Higher – Should You Buy?

FlexShares STOXX US ESG Select Index Fund (BATS:ESG)’s stock price were up 0.4% on Wednesday . The stock traded as high as $181.44 and last traded at $181.44. 123 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 1,086 shares. The stock had previously closed at $180.80.

FlexShares STOXX US ESG Select Index Fund Price Performance

The firm has a market capitalization of $149.69 million, a price-to-earnings ratio of 24.02 and a beta of 1.04. The business’s fifty day simple moving average is $175.39 and its 200 day simple moving average is $165.94.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ESG. Farther Finance Advisors LLC raised its position in shares of FlexShares STOXX US ESG Select Index Fund by 46.5% during the fourth quarter. Farther Finance Advisors LLC now owns 293 shares of the company’s stock worth $46,000 after purchasing an additional 93 shares during the period. Kestra Advisory Services LLC acquired a new position in FlexShares STOXX US ESG Select Index Fund during the fourth quarter worth $47,000. Two Sigma Investments LP bought a new position in shares of FlexShares STOXX US ESG Select Index Fund in the third quarter valued at $278,000. Envestnet Asset Management Inc. grew its holdings in shares of FlexShares STOXX US ESG Select Index Fund by 4.6% during the third quarter. Envestnet Asset Management Inc. now owns 2,844 shares of the company’s stock valued at $439,000 after buying an additional 124 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in shares of FlexShares STOXX US ESG Select Index Fund during the fourth quarter valued at about $484,000.

About FlexShares STOXX US ESG Select Index Fund

The FlexShares STOXX US ESG Select Index Fund (ESG) is an exchange-traded fund that is based on the STOXX USA ESG Select KPIs index. The fund follows a principles-based index composed of US-listed companies that exhibit environmental, social, and corporate governance (ESG) characteristics. ESG was launched on Jul 13, 2016 and is managed by FlexShares.