iShares MSCI USA ESG Select ETF (NYSEARCA:SUSA) Sees Unusually-High Trading Volume – Time to Buy?

iShares MSCI USA ESG Select ETF (NYSEARCA:SUSAGet Free Report) saw strong trading volume on Wednesday . 140,927 shares traded hands during trading, an increase of 172% from the previous session’s volume of 51,765 shares.The stock last traded at $152.03 and had previously closed at $152.67.

iShares MSCI USA ESG Select ETF Price Performance

The stock has a market capitalization of $4.00 billion, a PE ratio of -274.09 and a beta of 1.06. The company has a 50 day moving average price of $153.02 and a 200-day moving average price of $144.88.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SUSA. Brighton Jones LLC bought a new stake in shares of iShares MSCI USA ESG Select ETF during the 4th quarter valued at about $678,000. Jane Street Group LLC bought a new position in iShares MSCI USA ESG Select ETF in the first quarter worth about $1,157,000. Cerity Partners LLC lifted its holdings in iShares MSCI USA ESG Select ETF by 1.6% in the second quarter. Cerity Partners LLC now owns 29,351 shares of the company’s stock worth $3,720,000 after buying an additional 457 shares during the period. Connecticut Wealth Management LLC lifted its holdings in iShares MSCI USA ESG Select ETF by 7.8% in the second quarter. Connecticut Wealth Management LLC now owns 3,082 shares of the company’s stock worth $391,000 after buying an additional 223 shares during the period. Finally, EP Wealth Advisors LLC lifted its holdings in iShares MSCI USA ESG Select ETF by 6.2% in the second quarter. EP Wealth Advisors LLC now owns 5,035 shares of the company’s stock worth $638,000 after buying an additional 294 shares during the period.

About iShares MSCI USA ESG Select ETF

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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.

Further Reading

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