iShares MSCI USA ESG Select ETF (NYSEARCA:SUSA) Sees Strong Trading Volume – Still a Buy?

iShares MSCI USA ESG Select ETF (NYSEARCA:SUSA) saw unusually-high trading volume on Friday . Approximately 710,863 shares changed hands during mid-day trading, an increase of 487% from the previous session’s volume of 121,100 shares.The stock last traded at $105.99 and had previously closed at $110.72.

iShares MSCI USA ESG Select ETF Trading Down 5.8 %

The company has a fifty day moving average price of $119.92 and a two-hundred day moving average price of $121.62. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 25.34 and a beta of 1.05.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Adirondack Trust Co. boosted its holdings in iShares MSCI USA ESG Select ETF by 3.5% in the 4th quarter. Adirondack Trust Co. now owns 2,427 shares of the company’s stock valued at $295,000 after purchasing an additional 82 shares during the last quarter. Harbor Group Inc. raised its position in shares of iShares MSCI USA ESG Select ETF by 2.7% during the 4th quarter. Harbor Group Inc. now owns 3,457 shares of the company’s stock valued at $420,000 after buying an additional 91 shares during the period. FMR LLC lifted its holdings in iShares MSCI USA ESG Select ETF by 1.7% in the third quarter. FMR LLC now owns 5,388 shares of the company’s stock valued at $649,000 after acquiring an additional 92 shares during the last quarter. Traphagen Investment Advisors LLC grew its position in iShares MSCI USA ESG Select ETF by 1.2% in the fourth quarter. Traphagen Investment Advisors LLC now owns 8,344 shares of the company’s stock worth $1,015,000 after acquiring an additional 96 shares during the period. Finally, Modera Wealth Management LLC increased its stake in iShares MSCI USA ESG Select ETF by 1.9% during the fourth quarter. Modera Wealth Management LLC now owns 5,455 shares of the company’s stock worth $663,000 after acquiring an additional 100 shares during the last quarter.

About iShares MSCI USA ESG Select ETF

The iShares MSCI USA ESG Select ETF (SUSA) is an exchange-traded fund that is based on the MSCI USA Extended ESG Select index. The fund tracks an index of US companies with high environmental, social and governance (ESG) factor scores as calculated by MSCI. SUSA was launched on Jan 24, 2005 and is managed by BlackRock.