iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Hits New 52-Week High – Still a Buy?

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) reached a new 52-week high during mid-day trading on Tuesday. The stock traded as high as $80.79 and last traded at $80.79, with a volume of 33692 shares traded. The stock had previously closed at $79.77.

iShares Paris-Aligned Climate MSCI USA ETF Stock Up 1.3%

The stock’s 50-day moving average price is $78.16 and its 200 day moving average price is $75.44. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 32.18 and a beta of 1.07.

iShares Paris-Aligned Climate MSCI USA ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were given a $0.1923 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.0%. This is an increase from iShares Paris-Aligned Climate MSCI USA ETF’s previous quarterly dividend of $0.1606.

iShares Paris-Aligned Climate MSCI USA ETF Company Profile

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.