Merit Financial Group LLC Raises Stock Position in iShares ESG Aware MSCI USA ETF $ESGU

Merit Financial Group LLC boosted its position in shares of iShares ESG Aware MSCI USA ETF (NASDAQ:ESGU) by 11.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,834 shares of the company’s stock after acquiring an additional 4,600 shares during the period. Merit Financial Group LLC’s holdings in iShares ESG Aware MSCI USA ETF were worth $6,679,000 as of its most recent SEC filing.

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

iShares ESG Aware MSCI USA ETF Price Performance

ESGU stock opened at $154.41 on Friday. iShares ESG Aware MSCI USA ETF has a one year low of $110.69 and a one year high of $154.88. The stock has a market cap of $16.27 billion, a PE ratio of 25.34 and a beta of 1.03. The firm has a 50 day simple moving average of $146.57 and a two-hundred day simple moving average of $147.90.

iShares ESG Aware MSCI USA ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were paid a $0.3698 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, March 17th.

iShares ESG Aware MSCI USA ETF Company 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.