iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM) Stock Price Down 1.8% – Should You Sell?

iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM)’s share price fell 1.8% during trading on Tuesday . The company traded as low as $59.12 and last traded at $59.19. Approximately 166 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 2,445 shares. The stock had previously closed at $60.26.

iShares ESG MSCI EM Leaders ETF Price Performance

The company has a market capitalization of $32.55 million, a price-to-earnings ratio of 14.34 and a beta of 0.65. The stock’s fifty day simple moving average is $61.25 and its two-hundred day simple moving average is $60.78.

iShares ESG MSCI EM Leaders ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a dividend of $0.4964 per share. The ex-dividend date was Monday, June 15th.

Hedge Funds Weigh In On iShares ESG MSCI EM Leaders ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Morling Financial Advisors LLC bought a new position in shares of iShares ESG MSCI EM Leaders ETF during the fourth quarter valued at approximately $27,000. Farther Finance Advisors LLC boosted its position in iShares ESG MSCI EM Leaders ETF by 297.3% during the 4th quarter. Farther Finance Advisors LLC now owns 3,083 shares of the company’s stock valued at $179,000 after purchasing an additional 2,307 shares during the period. Pathfinder Wealth Consulting Inc. acquired a new position in iShares ESG MSCI EM Leaders ETF during the 4th quarter valued at approximately $276,000. Jane Street Group LLC grew its stake in iShares ESG MSCI EM Leaders ETF by 12.0% during the 4th quarter. Jane Street Group LLC now owns 5,824 shares of the company’s stock worth $338,000 after buying an additional 625 shares during the last quarter. Finally, Integrity Advisory Solutions LLC grew its stake in iShares ESG MSCI EM Leaders ETF by 12.9% during the 4th quarter. Integrity Advisory Solutions LLC now owns 7,421 shares of the company’s stock worth $431,000 after buying an additional 848 shares during the last quarter.

About iShares ESG MSCI EM Leaders ETF

The iShares ESG MSCI EM Leaders ETF (LDEM) is an exchange-traded fund that is based on the MSCI EM Extended ESG Leaders index. The fund tracks a tier-weighted index composed of large- and mid-cap emerging-market stocks with high environmental, social, and governance traits relative to their sector peers. LDEM was launched on Feb 5, 2020 and is managed by BlackRock.