iShares ESG Aware 60/40 Balanced Allocation ETF (BATS:EAOR) Stock Price Down 3.4% – Here’s Why

iShares ESG Aware 60/40 Balanced Allocation ETF (BATS:EAOR)’s share price dropped 3.4% during mid-day trading on Thursday . The company traded as low as $31.24 and last traded at $30.27. Approximately 1,936 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 3,163 shares. The stock had previously closed at $31.32.

iShares ESG Aware 60/40 Balanced Allocation ETF Stock Down 3.4 %

The stock has a market capitalization of $21.19 million, a PE ratio of 20.27 and a beta of 0.66. The business’s fifty day moving average is $31.31 and its 200-day moving average is $31.70.

Institutional Inflows and Outflows

An institutional investor recently raised its position in iShares ESG Aware 60/40 Balanced Allocation ETF stock. AdvisorNet Financial Inc grew its holdings in iShares ESG Aware 60/40 Balanced Allocation ETF (BATS:EAOR) by 7.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,908 shares of the company’s stock after acquiring an additional 398 shares during the period. AdvisorNet Financial Inc owned about 0.84% of iShares ESG Aware 60/40 Balanced Allocation ETF worth $185,000 as of its most recent SEC filing.

About iShares ESG Aware 60/40 Balanced Allocation ETF

The iShares ESG Aware Growth Allocation ETF (EAOR) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an index-tracking fund-of-funds that provides moderately aggressive risk exposure to global stocks and bonds with positive ESG characteristics. EAOR was launched on Jun 12, 2020 and is managed by BlackRock.