“For investors, having more liquidity is always a good thing,” Balchunas said.
The largest individual shareholder owns between 5% and 67% of each of the 25 “core” ESG-focused ETFs, with the average hovering at about 25%, down from 32% a year earlier, according to BI research. The decline indicates a slight widening of the investor base to smaller holders and an improving “greenroots adoption” of ESG strategies, BI reported.
Still, that 25% is a large amount. To put it in perspective, no individual shareholder owns more than 10% of the three largest companies in the S&P 500 Index—Microsoft Corp., Apple Inc. and Amazon.com Inc. And that includes Amazon founder Jeffrey Bezos, who now owns about 9.9% of the company’s outstanding shares.
This article was provided by Bloomberg News.