iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Sees Strong Trading Volume – Time to Buy?

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) shares saw unusually-high trading volume on Friday . Approximately 277,414 shares were traded during mid-day trading, an increase of 229% from the previous session’s volume of 84,421 shares.The stock last traded at $73.28 and had previously closed at $73.36.

iShares Paris-Aligned Climate MSCI USA ETF Price Performance

The stock’s fifty day simple moving average is $72.92 and its 200-day simple moving average is $70.48. The firm has a market cap of $2.25 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 declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a dividend of $0.249 per share. This represents a $1.00 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, December 16th. This is a boost from iShares Paris-Aligned Climate MSCI USA ETF’s previous quarterly dividend of $0.16.

Institutional Inflows and Outflows

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

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.