Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) Sets New 1-Year High – Time to Buy?

Shares of Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $72.96 and last traded at $72.96, with a volume of 5483 shares trading hands. The stock had previously closed at $71.89.

Xtrackers MSCI USA Selection Equity ETF Stock Performance

The company has a market cap of $595.01 million, a P/E ratio of 26.55 and a beta of 1.04. The stock has a 50-day moving average of $70.01 and a two-hundred day moving average of $66.69.

Institutional Investors Weigh In On Xtrackers MSCI USA Selection Equity ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cornerstone Planning Group LLC purchased a new position in shares of Xtrackers MSCI USA Selection Equity ETF in the 1st quarter worth $33,000. Millstone Evans Group LLC bought a new stake in shares of Xtrackers MSCI USA Selection Equity ETF during the fourth quarter valued at approximately $65,000. Sunbelt Securities Inc. bought a new position in shares of Xtrackers MSCI USA Selection Equity ETF during the 3rd quarter worth $199,000. Marshall Wace LLP purchased a new position in shares of Xtrackers MSCI USA Selection Equity ETF in the 2nd quarter valued at $230,000. Finally, JPMorgan Chase & Co. boosted its holdings in Xtrackers MSCI USA Selection Equity ETF by 96.9% in the second quarter. JPMorgan Chase & Co. now owns 12,275 shares of the company’s stock worth $698,000 after acquiring an additional 6,041 shares in the last quarter.

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.