Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) Sets New 52-Week High – Time to Buy?

Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $65.00 and last traded at $65.1430, with a volume of 463 shares trading hands. The stock had previously closed at $64.95.

Xtrackers MSCI USA Selection Equity ETF Price Performance

The firm’s 50-day moving average price is $63.87 and its 200 day moving average price is $61.59. The firm has a market cap of $560.61 million, a P/E ratio of 26.55 and a beta of 1.03.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC raised its stake in Xtrackers MSCI USA Selection Equity ETF by 33.3% during the third quarter. Farther Finance Advisors LLC now owns 1,017 shares of the company’s stock worth $62,000 after acquiring an additional 254 shares during the period. Sunbelt Securities Inc. bought a new position in shares of Xtrackers MSCI USA Selection Equity ETF during the third quarter valued at approximately $199,000. Marshall Wace LLP acquired a new stake in shares of Xtrackers MSCI USA Selection Equity ETF during the 2nd quarter worth approximately $230,000. JPMorgan Chase & Co. raised its position in shares of Xtrackers MSCI USA Selection Equity ETF by 96.9% during 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. Finally, Flow Traders U.S. LLC acquired a new position in Xtrackers MSCI USA Selection Equity ETF during the 3rd quarter valued at approximately $6,443,000.

Xtrackers MSCI USA Selection Equity ETF Company Profile

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.