iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Sets New 1-Year High – Still a Buy?

Shares of iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) hit a new 52-week high on Friday . The company traded as high as $69.53 and last traded at $69.51, with a volume of 2582 shares trading hands. The stock had previously closed at $68.31.

iShares Paris-Aligned Climate MSCI USA ETF Stock Up 1.8%

The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 32.18 and a beta of -1.11. The business’s fifty day moving average is $67.53 and its two-hundred day moving average is $63.79.

iShares Paris-Aligned Climate MSCI USA ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 16th were issued a $0.1401 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.8%. This is an increase from iShares Paris-Aligned Climate MSCI USA ETF’s previous quarterly dividend of $0.11. The ex-dividend date was Monday, June 16th.

Institutional Inflows and Outflows

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 iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 972 shares of the company’s stock, valued at approximately $65,000.

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.