HighTower Advisors LLC Increases Stake in iShares ESG Advanced MSCI USA ETF

HighTower Advisors LLC has significantly increased its investment in the iShares ESG Advanced MSCI USA ETF (NASDAQ:USXF), growing its holdings by an impressive 51.8% in the third quarter of the year. According to reports from Holdings Channel.com, the firm now owns a total of 7,540 shares after acquiring an additional 2,573 shares during this period. As of the latest SEC filing, HighTower Advisors LLC's position in the ETF is valued at approximately $371,000.

Aside from HighTower Advisors LLC, several other institutional investors have also made notable changes to their positions in the iShares ESG Advanced MSCI USA ETF. For instance, Benjamin F. Edwards & Company Inc. established a new stake in the fund worth around $50,000 in the second quarter. During the third quarter, Simplicity Wealth LLC acquired a position valued at about $212,000, while Trilogy Capital Inc. invested approximately $214,000. Gateway Wealth Partners LLC and Captrust Financial Advisors also made substantial new investments, valued at approximately $240,000 and $253,000 respectively.

iShares ESG Advanced MSCI USA ETF Market Performance

As of Monday, NASDAQ:USXF opened at $50.03. The iShares ESG Advanced MSCI USA ETF has seen a trading range over the past year, with a 12-month low of $38.77 and a high of $52.69. The stock's 50-day moving average stands at $51.15, while its 200-day moving average is at $48.65. The ETF holds a market capitalization of $1.22 billion, with a PE ratio of 30.78 and a beta value of 1.03, indicating its volatility in the market.

Dividend Increase Announcement

In a recent update, the iShares ESG Advanced MSCI USA ETF announced an increase in its dividend. The latest dividend payment of $0.1691 per share was made on December 20th, with shareholders of record on December 17th receiving the payout. This marks an increase from the previous dividend of $0.13, signaling positive growth for the ETF.

Understanding iShares ESG Advanced MSCI USA ETF

The iShares ESG Advanced MSCI USA ETF (USXF) is an exchange-traded fund designed to track the MSCI USA Choice ESG Screened Index. This fund focuses on large- and mid-cap US equities that have been screened for positive environmental, social, and governance (ESG) criteria, while also filtering out companies involved in controversial activities.

Conclusion

The growing stake of HighTower Advisors LLC and other institutions in the iShares ESG Advanced MSCI USA ETF highlights the increased interest in funds that prioritize responsible investing. The recent dividend increase also reflects a commitment to delivering value to its investors. With the ETF's strong market performance and continued institutional investment, it remains an important player in the ESG-focused investment landscape.

HighTower, Investment, ETF