iShares ESG MSCI USA Min Vol Factor ETF (NASDAQ:ESMV) Shares Down 0.1% – What’s Next?

iShares ESG MSCI USA Min Vol Factor ETF (NASDAQ:ESMV) shares traded down 0.1% on Wednesday . The stock traded as low as $29.19 and last traded at $29.23. 2,655 shares changed hands during trading, an increase of 231% from the average session volume of 803 shares. The stock had previously closed at $29.26.

iShares ESG MSCI USA Min Vol Factor ETF Stock Performance

The company has a 50 day simple moving average of $28.92 and a 200 day simple moving average of $28.87. The company has a market capitalization of $7.31 million, a PE ratio of 23.32 and a beta of 0.75.

iShares ESG MSCI USA Min Vol Factor ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were given a dividend of $0.1254 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Tuesday, December 16th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ESMV. Citadel Advisors LLC lifted its holdings in iShares ESG MSCI USA Min Vol Factor ETF by 42.6% in the 3rd quarter. Citadel Advisors LLC now owns 11,069 shares of the company’s stock valued at $323,000 after purchasing an additional 3,305 shares in the last quarter. Portfolio Design Labs LLC acquired a new stake in shares of iShares ESG MSCI USA Min Vol Factor ETF in the second quarter valued at about $355,000. Finally, Ascent Group LLC purchased a new position in shares of iShares ESG MSCI USA Min Vol Factor ETF in the second quarter worth about $355,000.

iShares ESG MSCI USA Min Vol Factor ETF Company Profile

The iShares ESG MSCI USA Min Vol Factor ETF (ESMV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap US stocks that have low volatility and positive ESG characteristics. ESMV was launched on Nov 2, 2021 and is managed by BlackRock.