Tue Sep 17 07:21:00 UTC 2024: ## Bank of New York Mellon Increases Stake in iShares ESG Aware MSCI EM ETF

**New York, NY – September 17, 2024** – Bank of New York Mellon Corp (BNY Mellon) has increased its holdings in the iShares ESG Aware MSCI EM ETF (ESGE) by 3.7% during the second quarter of 2024, according to the company’s latest 13F filing with the SEC. BNY Mellon now owns 75,385 shares of ESGE, representing approximately 0.06% of the ETF, valued at $2,528,000.

This move follows a trend of increased interest in ESGE by institutional investors. ORG Partners LLC, Vermillion & White Wealth Management Group LLC, BNP Paribas Financial Markets, EverSource Wealth Advisors LLC, and GPS Wealth Strategies Group LLC have all recently acquired or expanded their holdings in the ETF.

ESGE is an exchange-traded fund that tracks the MSCI EM Extended ESG Focus index, which consists of large- and mid-cap companies from emerging market economies. The index selects and weights companies based on their positive environmental, social, and governance (ESG) characteristics while aiming to maintain the risk/return profile of the broader market.

The ETF opened at $34.25 on Tuesday, with a 1-year low of $29.12 and a 1-year high of $35.22. It has a market cap of $4.36 billion, a P/E ratio of 12.20, and a beta of 0.75.

Analysts believe the increased interest in ESGE reflects a growing demand for sustainable investing options. The ETF provides investors with a way to access emerging market equities while aligning their portfolios with their ethical and environmental values.

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