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:PABU) saw an uptick in trading volume on Thursday . 78,798 shares were traded during mid-day trading, a decline of 7% from the previous session’s volume of 85,035 shares.The stock last traded at $58.54 and had previously closed at $60.15.

iShares Paris-Aligned Climate MSCI USA ETF Stock Performance

The company’s 50 day simple moving average is $63.54 and its 200 day simple moving average is $64.36. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 29.73 and a beta of -1.11.

iShares Paris-Aligned Climate MSCI USA ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 18th were issued a dividend of $0.111 per share. The ex-dividend date of this dividend was Tuesday, March 18th.

Hedge Funds 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. Warner Financial Inc. bought a new stake in shares of iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,474 shares of the company’s stock, valued at approximately $226,000.

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.