iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Hits New 52-Week High – Here’s Why

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABUGet Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $75.45 and last traded at $75.45, with a volume of 1356 shares. The stock had previously closed at $74.37.

iShares Paris-Aligned Climate MSCI USA ETF Price Performance

The firm’s 50 day moving average is $69.65 and its 200 day moving average is $71.26. The company has a market capitalization of $2.41 billion, a PE ratio of 32.18 and a beta of 1.05.

iShares Paris-Aligned Climate MSCI USA ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were given a dividend of $0.1402 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, March 17th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake 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:PABUFree Report) during the third quarter, according to its most recent Form 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

(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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