Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) Sees Strong Trading Volume – Still a Buy?

Shares of Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) saw unusually-strong trading volume on Tuesday . Approximately 43,416 shares traded hands during trading, an increase of 147% from the previous session’s volume of 17,548 shares.The stock last traded at $63.96 and had previously closed at $64.64.

Xtrackers MSCI USA Selection Equity ETF Stock Performance

The business’s fifty day moving average price is $64.00 and its two-hundred day moving average price is $61.80. The stock has a market capitalization of $543.45 million, a P/E ratio of 26.55 and a beta of 1.03.

Institutional Investors Weigh In On Xtrackers MSCI USA Selection Equity ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millstone Evans Group LLC bought a new position in Xtrackers MSCI USA Selection Equity ETF during the fourth quarter valued at $65,000. Farther Finance Advisors LLC boosted its stake in shares of Xtrackers MSCI USA Selection Equity ETF by 33.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,017 shares of the company’s stock worth $62,000 after purchasing an additional 254 shares during the period. Sunbelt Securities Inc. bought a new position in Xtrackers MSCI USA Selection Equity ETF during the 3rd quarter valued at about $199,000. Marshall Wace LLP purchased a new stake in Xtrackers MSCI USA Selection Equity ETF in the 2nd quarter worth about $230,000. Finally, JPMorgan Chase & Co. raised its position in Xtrackers MSCI USA Selection Equity ETF by 96.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,275 shares of the company’s stock worth $698,000 after purchasing an additional 6,041 shares during the period.

About Xtrackers MSCI USA Selection Equity ETF

The Xtrackers MSCI USA ESG Leaders Equity ETF (USSG) is an exchange-traded fund that is based on the MSCI USA ESG Leaders index. The fund tracks a market cap-weighted index of US large- and mid-cap stocks, screened for environmental, social, and governance characteristics. USSG was launched on Mar 7, 2019 and is managed by Xtrackers.