iShares ESG Aware MSCI USA Growth ETF (BATS:EGUS) Stock Price Decline – Should Investors Consider Selling?

On Thursday, shares of the iShares ESG Aware MSCI USA Growth ETF (BATS:EGUS – Get Free Report) experienced a slight decline, falling by 0.1%. The stock reached a low of $39.86 but ended the trading day at $40.60. In total, around 8,534 shares exchanged hands, which represents a 170% increase compared to the average daily trading volume of 3,162 shares. Previously, the stock had closed at $40.62.

Current Performance of iShares ESG Aware MSCI USA Growth ETF

The stock has a 50-day moving average price of $43.46 and a 200-day moving average price of $43.32. With a market capitalization of $21.11 million, the price-to-earnings ratio stands at 33.66 and the stock has a beta of 1.12, indicating its volatility compared to the market.

Investor Interest: Hedge Funds and iShares ESG Aware MSCI USA Growth ETF

Recently, a hedge fund named Front Row Advisors LLC has officially stepped into the market by acquiring a new stake in the iShares ESG Aware MSCI USA Growth ETF. According to their latest filing with the Securities and Exchange Commission (SEC), they bought 680 shares valued at approximately $30,000 during the fourth quarter. This purchase now accounts for around 0.43% of the total shares of iShares ESG Aware MSCI USA Growth ETF currently held by Front Row Advisors LLC.

Understanding iShares ESG Aware MSCI USA Growth ETF

The iShares ESG Aware MSCI USA Growth ETF (EGUS) is an exchange-traded fund that tracks the MSCI USA Extended ESG Focus index. This passively managed fund focuses on US growth stocks that adhere to specific environmental, social, and governance (ESG) standards. The primary goal of the fund is to maximize exposure to ESG-compliant investments.

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