iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Stock Price Up 1.1% – Here’s Why

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU)’s stock price were up 1.1% on Tuesday . The stock traded as high as $76.24 and last traded at $76.22. Approximately 30,498 shares were traded during trading, a decline of 51% from the average daily volume of 62,365 shares. The stock had previously closed at $75.39.

iShares Paris-Aligned Climate MSCI USA ETF Stock Down 0.7%

The company has a market cap of $2.44 billion, a price-to-earnings ratio of 32.18 and a beta of 1.06. The firm has a 50 day moving average price of $76.13 and a two-hundred day moving average price of $72.32.

iShares Paris-Aligned Climate MSCI USA ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a $0.1606 dividend. The ex-dividend date was Monday, June 15th. This is a positive change from iShares Paris-Aligned Climate MSCI USA ETF’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a yield of 0.8%.

Hedge Funds Weigh In On iShares Paris-Aligned Climate MSCI USA ETF

An institutional investor recently bought a new stake in iShares Paris-Aligned Climate MSCI USA ETF stock. JPMorgan Chase & Co. purchased a new stake in iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 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.