FlexShares STOXX Global ESG Select Index Fund (BATS:ESGG) Stock Cross Above 200 Day Moving Average – Time to Sell?

FlexShares STOXX Global ESG Select Index Fund (BATS:ESGG)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $167.02 and traded as high as $169.93. FlexShares STOXX Global ESG Select Index Fund shares last traded at $169.93, with a volume of 290 shares.

FlexShares STOXX Global ESG Select Index Fund Stock Up 0.4 %

The stock has a market cap of $187.63 million, a price-to-earnings ratio of 19.22 and a beta of 0.95. The company’s 50-day moving average is $170.98 and its 200-day moving average is $167.09.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ESGG. Synergy Asset Management LLC acquired a new stake in shares of FlexShares STOXX Global ESG Select Index Fund in the second quarter valued at approximately $229,000. CoreCap Advisors LLC bought a new position in FlexShares STOXX Global ESG Select Index Fund in the second quarter valued at approximately $510,000. Highline Wealth Partners LLC bought a new position in FlexShares STOXX Global ESG Select Index Fund in the third quarter valued at approximately $57,000. Finally, Centaurus Financial Inc. boosted its stake in FlexShares STOXX Global ESG Select Index Fund by 10.9% in the third quarter. Centaurus Financial Inc. now owns 4,208 shares of the company’s stock valued at $726,000 after acquiring an additional 414 shares during the last quarter.

About FlexShares STOXX Global ESG Select Index Fund

The FlexShares STOXX Global ESG Select Index Fund (ESGG) is an exchange-traded fund that is based on the STOXX Global ESG Select KPIs index. The fund follows a principles-based global index composed of companies that exhibit environmental, social, and corporate governance (ESG) characteristics. ESGG was launched on Jul 13, 2016 and is managed by FlexShares.