Wed Sep 11 09:37:01 UTC 2024: ## Private Advisor Group Cuts Stake in iShares ESG Aware MSCI USA ETF

**New York, NY** – Private Advisor Group LLC has reduced its holdings in the iShares ESG Aware MSCI USA ETF (ESGU) by 21.9% in the second quarter, according to a recent filing with the Securities and Exchange Commission. The firm now owns 43,537 shares, worth $5,195,000, after selling 12,192 shares during the period.

This move comes amidst a mixed bag of activity from other hedge funds regarding ESGU. Parallel Advisors LLC increased its position by 168.4%, while Sand Hill Global Advisors LLC, Summit X LLC, Fiduciary Trust Co, and Corient Private Wealth LLC all boosted their holdings in the ETF.

ESGU, launched in December 2016 and managed by BlackRock, tracks an index of US companies with positive environmental, social, and governance (ESG) characteristics. The ETF opened at $120.51 on Wednesday, with a 52-week low of $89.69 and a 52-week high of $124.11. ESGU has a market capitalization of $12.77 billion, a price-to-earnings ratio of 25.85, and a beta of 1.02.

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