iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Trading Down 0.9% – Here’s Why

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABUGet Free Report)’s stock price dropped 0.9% during mid-day trading on Monday . The stock traded as low as $78.24 and last traded at $78.24. 384 shares were traded during mid-day trading, a decline of 99% from the average session volume of 50,100 shares. The stock had previously closed at $78.95.

iShares Paris-Aligned Climate MSCI USA ETF Price Performance

The stock has a 50-day moving average price of $76.28 and a 200-day moving average price of $73.25. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 32.18 and a beta of 1.06.

iShares Paris-Aligned Climate MSCI USA ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were issued a dividend of $0.1606 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.64 annualized dividend and a yield of 0.8%. This is a positive change from iShares Paris-Aligned Climate MSCI USA ETF’s previous quarterly dividend of $0.14.

Hedge Funds Weigh In On iShares Paris-Aligned Climate MSCI USA ETF

An institutional investor recently bought a new stake in iShares Paris-Aligned Climate MSCI USA ETF stock. JPMorgan Chase & Co. acquired a new stake in iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABUFree Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,361 shares of the company’s stock, valued at approximately $242,000.

iShares Paris-Aligned Climate MSCI USA ETF Company Profile

(Get Free Report)

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. PABU was launched on Feb 8, 2022 and is managed by BlackRock.

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