iShares MSCI Water Management Multisector ETF (NASDAQ:IWTR) Stock Price Down 0.3% – Here’s What Happened

iShares MSCI Water Management Multisector ETF (NASDAQ:IWTR)’s share price fell 0.3% during trading on Wednesday . The company traded as low as $29.66 and last traded at $29.70. 291 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 949 shares. The stock had previously closed at $29.78.

iShares MSCI Water Management Multisector ETF Price Performance

The stock has a market capitalization of $5.94 million, a P/E ratio of 21.65 and a beta of -0.84. The business’s 50 day moving average price is $30.30 and its 200 day moving average price is $30.97.

iShares MSCI Water Management Multisector ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were given a $0.7812 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

Hedge Funds Weigh In On iShares MSCI Water Management Multisector ETF

A hedge fund recently bought a new stake in iShares MSCI Water Management Multisector ETF stock. Flow Traders U.S. LLC bought a new stake in shares of iShares MSCI Water Management Multisector ETF (NASDAQ:IWTR) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 46,922 shares of the company’s stock, valued at approximately $1,505,000. Flow Traders U.S. LLC owned about 23.46% of iShares MSCI Water Management Multisector ETF as of its most recent filing with the Securities & Exchange Commission.

About iShares MSCI Water Management Multisector ETF

The iShares MSCI Water Management Multisector ETF (IWTR) is an exchange-traded fund that is based on the MSCI USA Extended ESG Focus index. The fund tracks a tier-weighted index of global companies that derive revenue from sustainable water or demonstrate relatively efficient water management. IWTR was launched on Sep 20, 2022 and is managed by BlackRock.