The iShares ESG Aware MSCI EAFE ETF (Symbol: ESGD) experienced an approximate $87.3 million outflow this past week, marking a 0.8% decrease in shares outstanding from 114,500,000 to 113,600,000. This change highlights notable investor activity within the ETF.
As of the last trade, ESGD’s share price stood at $97.70, within its 52-week range of $72.33 to $97.84. The ETF’s performance can be further analyzed by comparing this price to its 200-day moving average, an important technical indicator.
The fluctuations in ESGD’s shares reflect broader market trends, as ETFs function similarly to stocks in that they trade in “units” which can be created or destroyed based on investor demand.
