iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM) Trading 1.3% Higher – Still a Buy?

iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM) rose 1.3% on Tuesday . The company traded as high as $49.41 and last traded at $49.41. Approximately 9,578 shares were traded during trading, an increase of 399% from the average daily volume of 1,919 shares. The stock had previously closed at $48.79.

iShares ESG MSCI EM Leaders ETF Stock Performance

The company has a fifty day simple moving average of $48.68 and a two-hundred day simple moving average of $46.61. The firm has a market capitalization of $32.12 million, a PE ratio of 12.47 and a beta of 0.78.

Institutional Trading of iShares ESG MSCI EM Leaders ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Addison Advisors LLC increased its position in iShares ESG MSCI EM Leaders ETF by 21.1% during the 2nd quarter. Addison Advisors LLC now owns 1,380 shares of the company’s stock valued at $62,000 after purchasing an additional 240 shares during the period. Beta Wealth Group Inc. bought a new position in shares of iShares ESG MSCI EM Leaders ETF during the third quarter valued at approximately $210,000. Cliftonlarsonallen Wealth Advisors LLC increased its holdings in iShares ESG MSCI EM Leaders ETF by 16.0% during the second quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 19,864 shares of the company’s stock valued at $896,000 after buying an additional 2,745 shares during the period. Flow Traders U.S. LLC raised its stake in iShares ESG MSCI EM Leaders ETF by 35.2% in the first quarter. Flow Traders U.S. LLC now owns 71,893 shares of the company’s stock worth $3,151,000 after buying an additional 18,711 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in iShares ESG MSCI EM Leaders ETF by 9.9% in the second quarter. Commonwealth Equity Services LLC now owns 70,531 shares of the company’s stock worth $3,181,000 after buying an additional 6,335 shares in the last quarter.

About iShares ESG MSCI EM Leaders ETF

The iShares ESG MSCI EM Leaders ETF (LDEM) is an exchange-traded fund that is based on the MSCI EM Extended ESG Leaders index. The fund tracks a tier-weighted index composed of large- and mid-cap emerging-market stocks with high environmental, social, and governance traits relative to their sector peers.