iShares MSCI USA ESG Select ETF (NYSEARCA:SUSA) Hits New 52-Week Low – Should You Sell?

iShares MSCI USA ESG Select ETF (NYSEARCA:SUSA) shares hit a new 52-week low during trading on Monday . The company traded as low as $99.48 and last traded at $99.48, with a volume of 33235 shares changing hands. The stock had previously closed at $104.26.

iShares MSCI USA ESG Select ETF Stock Performance

The stock has a fifty day simple moving average of $118.60 and a two-hundred day simple moving average of $121.27. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 25.34 and a beta of 1.05.

Hedge Funds Weigh In On iShares MSCI USA ESG Select ETF

Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in shares of iShares MSCI USA ESG Select ETF by 1.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,611,260 shares of the company’s stock valued at $195,913,000 after acquiring an additional 19,255 shares during the period. PNC Financial Services Group Inc. increased its stake in iShares MSCI USA ESG Select ETF by 0.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,003,979 shares of the company’s stock valued at $122,074,000 after purchasing an additional 5,003 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of iShares MSCI USA ESG Select ETF by 0.6% during the fourth quarter. Royal Bank of Canada now owns 582,503 shares of the company’s stock valued at $70,828,000 after purchasing an additional 3,419 shares during the period. M&T Bank Corp boosted its position in shares of iShares MSCI USA ESG Select ETF by 2.6% during the 4th quarter. M&T Bank Corp now owns 525,415 shares of the company’s stock worth $63,886,000 after purchasing an additional 13,279 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of iShares MSCI USA ESG Select ETF by 0.4% in the 4th quarter. Deutsche Bank AG now owns 384,850 shares of the company’s stock valued at $46,794,000 after buying an additional 1,601 shares during the period.

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.