Brooklyn FI LLC has increased its position in the iShares ESG Aware MSCI USA ETF (NASDAQ: ESGU) by 5.0% during the first quarter of 2023. This adjustment, detailed in its recent 13F filing with the Securities and Exchange Commission (SEC), indicates that the institutional investor now holds 11,533 shares of the fund, having acquired an additional 546 shares during the period. As of this filing, Brooklyn FI LLC’s stake in the fund is valued at approximately $1.4 million.
Other institutional investors have also made significant adjustments to their holdings in the iShares ESG Aware MSCI USA ETF. For instance, Balanced Rock Investment Advisors LLC raised its stake by 5.6%, bringing its total to 25,891 shares worth about $3.16 million after acquiring an additional 1,377 shares. Savvy Advisors Inc. saw a notable increase of 50.2% in its holdings, now owning 5,071 shares valued at approximately $618,000 following the purchase of an additional 1,695 shares.
National Bank of Canada FI made a substantial move as well, increasing its holdings by 45.5%. It now possesses 113,825 shares worth around $13.88 million after acquiring 35,600 shares in the last quarter. Additionally, AlphaCore Capital LLC and Headlands Technologies LLC entered the ETF market by purchasing new stakes valued at approximately $1.49 million and $91,000, respectively.
iShares ESG Aware MSCI USA ETF Overview
The iShares ESG Aware MSCI USA ETF, which launched on December 1, 2016, is managed by BlackRock. It tracks an index that includes U.S. companies selected for their positive environmental, social, and governance attributes. On March 31, 2023, shares of ESGU opened at $140.44, with a market capitalization of $14.22 billion and a price-to-earnings ratio of 25.34. The fund has recorded a 52-week range, with a low of $105.18 and a high of $140.48.
The performance of the iShares ESG Aware MSCI USA ETF reflects growing investor interest in sustainable investing. With increasing scrutiny on corporate social responsibility, funds like ESGU are positioning themselves as viable options for investors looking to align their portfolios with their values.
In summary, the activity surrounding the iShares ESG Aware MSCI USA ETF highlights a significant trend among institutional investors towards ESG-focused investments, indicating an evolving landscape in investment strategies. As more investors seek to integrate sustainability into their portfolios, the demand for such funds is likely to continue rising.
