Sofi Wealth LLC Boosts iShares ESG Aware MSCI USA ETF Position

Sofi Wealth LLC has significantly increased its investment in the iShares ESG Aware MSCI USA ETF, raising its stake by 40.7% in the third quarter of 2023. This growth is detailed in the firm’s latest filing with the Securities and Exchange Commission (SEC), revealing ownership of 14,538 shares after acquiring an additional 4,208 shares during the period. The iShares ESG Aware MSCI USA ETF now represents 0.1% of Sofi Wealth’s overall portfolio, making it the fund’s 28th largest holding with a total value of approximately $2.12 million.

The iShares ESG Aware MSCI USA ETF (NASDAQ: ESGU) has attracted attention from several other investment firms as well. For instance, Ally Invest Advisors Inc. expanded its holdings by 1.8% in the second quarter, bringing its total to 332,448 shares, valued at around $44.98 million. Meanwhile, B. Riley Wealth Advisors Inc. established a new position worth about $645,000, and Flow Traders U.S. LLC also entered the market with a new stake valued at approximately $2.00 million. Gilbert Capital Group Inc. invested about $3.10 million in the ETF during the same quarter.

Acorns Advisers LLC is another notable investor in the iShares ESG Aware MSCI USA ETF, having increased its position by 5.2%. The firm now holds 2,525,401 shares, valued at around $341.69 million, after acquiring an additional 124,793 shares.

Current Performance of iShares ESG Aware MSCI USA ETF

On October 2, 2023, shares of the iShares ESG Aware MSCI USA ETF opened at $149.19. Over the past year, the ETF has seen a low of $105.18 and a high of $151.16. The fund currently boasts a market capitalization of $15.51 billion, a price-to-earnings (P/E) ratio of 25.34, and a beta of 1.03, indicating a performance closely aligned with the broader market.

The ETF’s recent performance is bolstered by its strong dividend announcements. The iShares ESG Aware MSCI USA ETF is designed to track the MSCI USA Extended ESG Focus index, which includes U.S. companies selected and weighted based on positive environmental, social, and governance (ESG) characteristics. Launched on December 1, 2016, the fund is managed by BlackRock.

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