iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Sees Strong Trading Volume – Here’s What Happened

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) saw unusually-high trading volume on Friday . Approximately 42,195 shares traded hands during trading, a decline of 50% from the previous session’s volume of 83,726 shares.The stock last traded at $73.73 and had previously closed at $73.60.

iShares Paris-Aligned Climate MSCI USA ETF Price Performance

The business has a 50-day moving average of $72.82 and a 200 day moving average of $70.20. The company has a market capitalization of $2.29 billion, a PE ratio of 32.18 and a beta of 1.05.

iShares Paris-Aligned Climate MSCI USA ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were given a dividend of $0.249 per share. The ex-dividend date was Tuesday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from iShares Paris-Aligned Climate MSCI USA ETF’s previous quarterly dividend of $0.16.

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 shares of iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 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. PABU was launched on Feb 8, 2022 and is managed by BlackRock.