iShares ESG MSCI USA Min Vol Factor ETF (NASDAQ:ESMV) Trading 0.3% Higher – Here’s Why

iShares ESG MSCI USA Min Vol Factor ETF (NASDAQ:ESMV) rose 0.3% during mid-day trading on Thursday . The company traded as high as $30.75 and last traded at $30.75. Approximately 165 shares changed hands during trading, a decline of 68% from the average daily volume of 514 shares. The stock had previously closed at $30.66.

iShares ESG MSCI USA Min Vol Factor ETF Stock Performance

The company’s 50 day moving average price is $29.94 and its 200 day moving average price is $29.35. The company has a market cap of $7.69 million, a price-to-earnings ratio of 23.32 and a beta of 0.71.

iShares ESG MSCI USA Min Vol Factor ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a dividend of $0.0858 per share. This represents a $0.34 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, June 15th.

Hedge Funds Weigh In On iShares ESG MSCI USA Min Vol Factor ETF

An institutional investor recently raised its position in iShares ESG MSCI USA Min Vol Factor ETF stock. Citadel Advisors LLC grew its position in shares of iShares ESG MSCI USA Min Vol Factor ETF (NASDAQ:ESMV) by 42.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,069 shares of the company’s stock after buying an additional 3,305 shares during the quarter. Citadel Advisors LLC owned approximately 4.43% of iShares ESG MSCI USA Min Vol Factor ETF worth $323,000 as of its most recent filing with the Securities and Exchange Commission.

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.