iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Reaches New 12-Month High – What’s Next?

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $75.45 and last traded at $75.45, with a volume of 1356 shares traded. The stock had previously closed at $74.37.

iShares Paris-Aligned Climate MSCI USA ETF Stock Performance

The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 32.18 and a beta of 1.05. The business’s 50-day moving average is $69.38 and its 200-day moving average is $71.20.

iShares Paris-Aligned Climate MSCI USA ETF Cuts Dividend

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

Institutional Investors Weigh In On iShares Paris-Aligned Climate MSCI USA ETF

A hedge fund recently bought a new stake in iShares Paris-Aligned Climate MSCI USA ETF stock. JPMorgan Chase & Co. bought a new position in shares of iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 3,361 shares of the company’s stock, valued at approximately $242,000.

About iShares Paris-Aligned Climate MSCI USA ETF

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.