iShares MSCI USA ESG Select ETF (NYSEARCA:SUSA) Hits New 12-Month High – What’s Next?

iShares MSCI USA ESG Select ETF (NYSEARCA:SUSAGet Free Report)’s share price reached a new 52-week high on Thursday . The company traded as high as $159.73 and last traded at $159.71, with a volume of 2207 shares. The stock had previously closed at $158.97.

iShares MSCI USA ESG Select ETF Price Performance

The stock has a market capitalization of $4.20 billion, a P/E ratio of -286.14 and a beta of 1.06. The firm’s 50 day moving average price is $153.76 and its 200 day moving average price is $145.90.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SUSA. Northwestern Mutual Wealth Management Co. boosted its stake in shares of iShares MSCI USA ESG Select ETF by 696.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 532,734 shares of the company’s stock valued at $74,236,000 after purchasing an additional 465,886 shares in the last quarter. Royal Bank of Canada raised its stake in iShares MSCI USA ESG Select ETF by 17.2% in the fourth quarter. Royal Bank of Canada now owns 633,422 shares of the company’s stock worth $88,263,000 after buying an additional 92,759 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in iShares MSCI USA ESG Select ETF by 44.6% in the third quarter. Mercer Global Advisors Inc. ADV now owns 298,212 shares of the company’s stock worth $40,452,000 after buying an additional 91,997 shares in the last quarter. Quent Long Short Global Small Cap Fund LP purchased a new stake in iShares MSCI USA ESG Select ETF in the fourth quarter worth about $12,776,000. Finally, Align Financial LLC bought a new stake in iShares MSCI USA ESG Select ETF during the 4th quarter valued at approximately $6,097,000.

About iShares MSCI USA ESG Select ETF

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The iShares MSCI USA ESG Select ETF (SUSA) is an exchange-traded fund that is based on the MSCI USA Extended ESG Select index. The fund tracks an index of US companies with high environmental, social and governance (ESG) factor scores as calculated by MSCI. SUSA was launched on Jan 24, 2005 and is managed by BlackRock.

Further Reading

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