Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) Reaches New 12-Month High – What’s Next?

Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) hit a new 52-week high during trading on Monday . The company traded as high as $70.52 and last traded at $70.52, with a volume of 2838 shares. The stock had previously closed at $69.62.

Xtrackers MSCI USA Selection Equity ETF Stock Performance

The company has a market cap of $578.98 million, a PE ratio of 26.55 and a beta of 1.04. The company has a 50 day simple moving average of $69.00 and a two-hundred day simple moving average of $65.72.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake 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 buying an additional 6,041 shares during the period. Marshall Wace LLP purchased a new stake in Xtrackers MSCI USA Selection Equity ETF in the 2nd quarter worth approximately $230,000. Sunbelt Securities Inc. acquired a new stake in shares of Xtrackers MSCI USA Selection Equity ETF during the 3rd quarter valued at $199,000. Cornerstone Planning Group LLC acquired a new stake in shares of Xtrackers MSCI USA Selection Equity ETF during the 1st quarter valued at $33,000. Finally, Millstone Evans Group LLC purchased a new position in shares of Xtrackers MSCI USA Selection Equity ETF during the 4th quarter valued at $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.