Xtrackers MSCI USA Climate Action Equity ETF (NYSEARCA:USCA) Hits New 1-Year High – Still a Buy?

Shares of Xtrackers MSCI USA Climate Action Equity ETF (NYSEARCA:USCA) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $44.21 and last traded at $44.21, with a volume of 186 shares changing hands. The stock had previously closed at $43.83.

Xtrackers MSCI USA Climate Action Equity ETF Price Performance

The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 24.78 and a beta of 0.99. The firm’s fifty day moving average is $41.48 and its 200-day moving average is $41.52.

Hedge Funds Weigh In On Xtrackers MSCI USA Climate Action Equity ETF

A hedge fund recently bought a new stake in Xtrackers MSCI USA Climate Action Equity ETF stock. Flow Traders U.S. LLC acquired a new stake in shares of Xtrackers MSCI USA Climate Action Equity ETF (NYSEARCA:USCA) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 241,549 shares of the company’s stock, valued at approximately $9,946,000. Flow Traders U.S. LLC owned 0.31% of Xtrackers MSCI USA Climate Action Equity ETF at the end of the most recent quarter.

Xtrackers MSCI USA Climate Action Equity ETF Company Profile

The Xtrackers MSCI USA Climate Action Equity ETF (USCA) is an exchange-traded fund that is based on the MSCI USA Climate Action index. The fund tracks a market cap-weighted index of large- and mid-cap US stocks, selected as a leader in their respective GICS sector for emphasizing climate-friendly objectives. The process screens securities based on ESG research from MSCI. USCA was launched on Apr 4, 2023 and is managed by Xtrackers.