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

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) saw an uptick in trading volume on Friday . 8,700 shares changed hands during mid-day trading, an increase of 43% from the previous session’s volume of 6,085 shares.The stock last traded at $65.75 and had previously closed at $64.67.

iShares Paris-Aligned Climate MSCI USA ETF Price Performance

The business’s 50 day moving average price is $65.54 and its 200-day moving average price is $62.75. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 33.30 and a beta of -1.11.

iShares Paris-Aligned Climate MSCI USA ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were paid a $0.2098 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This is an increase from iShares Paris-Aligned Climate MSCI USA ETF’s previous dividend of $0.20.

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

A hedge fund recently raised its stake in iShares Paris-Aligned Climate MSCI USA ETF stock. Syntrinsic LLC raised its position in iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) by 112.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 26,478 shares of the company’s stock after purchasing an additional 14,028 shares during the period. iShares Paris-Aligned Climate MSCI USA ETF comprises approximately 0.5% of Syntrinsic LLC’s portfolio, making the stock its 15th biggest holding. Syntrinsic LLC owned 0.08% of iShares Paris-Aligned Climate MSCI USA ETF worth $1,576,000 at the end of the most recent quarter.

About iShares Paris-Aligned Climate MSCI USA ETF

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.