iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Sets New 12-Month High – Should You Buy?

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $73.33 and last traded at $73.30, with a volume of 232 shares trading hands. The stock had previously closed at $72.46.

iShares Paris-Aligned Climate MSCI USA ETF Stock Performance

The business has a 50 day moving average of $70.89 and a two-hundred day moving average of $66.63. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 32.18 and a beta of -1.11.

iShares Paris-Aligned Climate MSCI USA ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were issued a dividend of $0.158 per share. This is a positive change from iShares Paris-Aligned Climate MSCI USA ETF’s previous quarterly dividend of $0.14. This represents a $0.63 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Tuesday, September 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 purchased a new stake in iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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.