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

Shares of iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABUGet Free Report) saw an uptick in trading volume on Wednesday . 27,468 shares traded hands during trading, an increase of 98% from the previous session’s volume of 13,883 shares.The stock last traded at $70.7760 and had previously closed at $70.37.

iShares Paris-Aligned Climate MSCI USA ETF Price Performance

The company has a 50 day simple moving average of $72.57 and a 200-day simple moving average of $71.18. The stock has a market capitalization of $2.24 billion, a P/E ratio of 32.18 and a beta of 1.05.

iShares Paris-Aligned Climate MSCI USA ETF Increases Dividend

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

Institutional Investors Weigh In On iShares Paris-Aligned Climate MSCI USA ETF

A hedge fund recently bought a new stake in iShares Paris-Aligned Climate MSCI USA ETF stock. Hollencrest Capital Management acquired a new stake in shares of iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABUFree Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 972 shares of the company’s stock, valued at approximately $65,000.

iShares Paris-Aligned Climate MSCI USA ETF Company Profile

(Get Free Report)

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.

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