Xtrackers MSCI USA Climate Action Equity ETF (NYSEARCA:USCA) Hits New 1-Year High – Still a Buy?

Xtrackers MSCI USA Climate Action Equity ETF (NYSEARCA:USCA) hit a new 52-week high on Tuesday . The stock traded as high as $44.21 and last traded at $44.21, with a volume of 186 shares changing hands. The stock had previously closed at $43.83.

Xtrackers MSCI USA Climate Action Equity ETF Price Performance

The firm’s fifty day moving average price is $41.48 and its two-hundred day moving average price is $41.52. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 24.78 and a beta of 0.99.

Institutional Investors Weigh In On Xtrackers MSCI USA Climate Action Equity ETF

An institutional investor recently bought a new position in Xtrackers MSCI USA Climate Action Equity ETF stock. Flow Traders U.S. LLC bought a new position in Xtrackers MSCI USA Climate Action Equity ETF (NYSEARCA:USCA) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 241,549 shares of the company’s stock, valued at approximately $9,946,000. Flow Traders U.S. LLC owned about 0.31% of Xtrackers MSCI USA Climate Action Equity ETF at the end of the most recent reporting period.

Xtrackers MSCI USA Climate Action Equity ETF Company Profile

The Xtrackers MSCI USA Climate Action Equity ETF (USCA) is an exchange-traded fund that is based on the MSCI USA Climate Action index. The fund tracks a market cap-weighted index of large- and mid-cap US stocks, selected as a leader in their respective GICS sector for emphasizing climate-friendly objectives. The process screens securities based on ESG research from MSCI. USCA was launched on Apr 4, 2023 and is managed by Xtrackers.