Waldron Private Wealth LLC Decreases Holdings in iShares ESG Aware MSCI USA ETF (NASDAQ:ESGU)

According to the latest 13F filing submitted to the Securities and Exchange Commission (SEC) by Waldron Private Wealth LLC, the firm decreased its holdings in the iShares ESG Aware MSCI USA ETF (NASDAQ: ESGU) by 7.0% during the fourth quarter of 2022. The 13F filing is a quarterly report that institutional investors are required to file with the SEC, disclosing their holdings in US equities with a market value exceeding $100 million.

Before the sale, Waldron Private Wealth LLC held a total of 3,648 shares of the iShares ESG Aware MSCI USA ETF. However, during the quarter, the firm sold 185 shares, reducing its total holding to 3,463 shares. The value of these holdings is not disclosed in the filing, but as of the last reported price, the value would have been approximately $1,115,000.

The iShares ESG Aware MSCI USA ETF is an exchange-traded fund (ETF) that seeks to track the investment results of the MSCI USA Enhanced Index, which is designed to reflect the performance of the US equity universe, while maintaining a high level of ESG (Environmental, Social, and Governance) standards. The ETF holds a diversified portfolio of US stocks, with a focus on companies that score well on ESG criteria.

It's important to note that the sale of shares by Waldron Private Wealth LLC does not necessarily indicate a bearish outlook on the fund or the companies it holds. Institutional investors may make adjustments to their portfolios for various reasons, including rebalancing, changes in investment strategies, or market conditions, among others.

In summary, Waldron Private Wealth LLC sold 185 shares of the iShares ESG Aware MSCI USA ETF (NASDAQ: ESGU) during the fourth quarter, reducing its total holding to 3,463 shares, according to its latest 13F filing with the SEC. The value of these holdings is approximately $1,115,000 based on the last reported price. The sale does not necessarily indicate a bearish outlook on the fund or the companies it holds, but rather a possible adjustment to the firm's investment strategy.