Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) Hits New 52-Week High – Should You Buy?

Shares of Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) reached a new 52-week high during trading on Friday . The company traded as high as $65.86 and last traded at $65.86, with a volume of 883 shares trading hands. The stock had previously closed at $65.01.

Xtrackers MSCI USA Selection Equity ETF Trading Up 1.3%

The company has a fifty day moving average price of $62.23 and a two-hundred day moving average price of $62.92. The firm has a market capitalization of $540.05 million, a price-to-earnings ratio of 26.55 and a beta of 1.03.

Institutional Trading of Xtrackers MSCI USA Selection Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Flow Traders U.S. LLC acquired a new position in shares of Xtrackers MSCI USA Selection Equity ETF during the 3rd quarter valued at about $6,443,000. JPMorgan Chase & Co. boosted its holdings 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 valued at $698,000 after purchasing an additional 6,041 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Xtrackers MSCI USA Selection Equity ETF in the 2nd quarter valued at approximately $230,000. Sunbelt Securities Inc. acquired a new stake in shares of Xtrackers MSCI USA Selection Equity ETF during the 3rd quarter worth approximately $199,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Xtrackers MSCI USA Selection Equity ETF during the 4th quarter valued at approximately $65,000.

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.