Institute for Wealth Management LLC. Has $214,000 Stake in iShares ESG Aware MSCI USA ETF $ESGU

Institute for Wealth Management LLC. trimmed its holdings in shares of iShares ESG Aware MSCI USA ETF (NASDAQ:ESGU) by 97.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,435 shares of the company’s stock after selling 47,634 shares during the quarter. Institute for Wealth Management LLC.’s holdings in iShares ESG Aware MSCI USA ETF were worth $214,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ESGU. Bank of America Corp DE grew its position in shares of 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 purchasing an additional 421,048 shares during the last quarter. Acorns Advisers LLC grew its position in shares of iShares ESG Aware MSCI USA ETF by 0.8% in the third quarter. Acorns Advisers LLC now owns 2,544,818 shares of the company’s stock valued at $370,525,000 after purchasing an additional 19,417 shares during the last quarter. Wealthfront Advisers LLC grew its position in shares of iShares ESG Aware MSCI USA ETF by 6.8% in the third quarter. Wealthfront Advisers LLC now owns 2,500,888 shares of the company’s stock valued at $364,129,000 after purchasing an additional 158,474 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of iShares ESG Aware MSCI USA ETF by 24.5% in the third quarter. Envestnet Asset Management Inc. now owns 2,260,765 shares of the company’s stock valued at $329,167,000 after purchasing an additional 444,833 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of iShares ESG Aware MSCI USA ETF by 3.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 984,934 shares of the company’s stock valued at $143,406,000 after purchasing an additional 34,013 shares during the last quarter.

iShares ESG Aware MSCI USA ETF Stock Performance

Shares of NASDAQ:ESGU opened at $153.34 on Wednesday. The company has a market cap of $16.16 billion, a P/E ratio of 25.34 and a beta of 1.03. The stock’s 50-day moving average is $146.69 and its 200-day moving average is $148.02. iShares ESG Aware MSCI USA ETF has a 52-week low of $113.10 and a 52-week high of $154.88.

iShares ESG Aware MSCI USA ETF Cuts Dividend

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

About iShares ESG Aware MSCI USA ETF

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.