iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Sees Unusually-High Trading Volume – Still a Buy?

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) saw strong trading volume on Friday . 25,033 shares were traded during trading, an increase of 96% from the previous session’s volume of 12,767 shares.The stock last traded at $72.9280 and had previously closed at $73.09.

iShares Paris-Aligned Climate MSCI USA ETF Trading Up 0.4%

The company has a market capitalization of $2.28 billion, a PE ratio of 32.18 and a beta of 1.05. The firm has a 50 day simple moving average of $72.81 and a two-hundred day simple moving average of $70.76.

iShares Paris-Aligned Climate MSCI USA ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were issued a dividend of $0.249 per share. This is an increase from iShares Paris-Aligned Climate MSCI USA ETF’s previous quarterly dividend of $0.16. This represents a $1.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, December 16th.

Institutional Trading of iShares Paris-Aligned Climate MSCI USA ETF

An institutional investor recently bought a new position in iShares Paris-Aligned Climate MSCI USA ETF stock. Hollencrest Capital Management purchased a new position in shares of iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 972 shares of the company’s stock, valued at approximately $65,000.

iShares Paris-Aligned Climate MSCI USA ETF Company Profile

The iShares Paris-Aligned Climate MSCI USA ETF (PABU) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of tier-weighted US large- and mid-cap stocks selected and weighted based on ESG criteria that is compatible with the Paris Climate Agreement and carbon reduction goals. PABU was launched on Feb 8, 2022 and is managed by BlackRock.