iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Sees Strong Trading Volume – Here’s Why

Shares of iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) saw an uptick in trading volume on Wednesday. Approximately 193,938 shares traded hands during trading, an increase of 347% from the average daily volume of 43,401 shares. The stock last traded at $78.1490 and had previously closed at $76.72.

iShares Paris-Aligned Climate MSCI USA ETF Trading Up 1.9%

The company’s 50-day simple moving average is $78.73 and its 200-day simple moving average is $74.69. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 32.18 and a beta of 1.07.

iShares Paris-Aligned Climate MSCI USA ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were paid a $0.1923 dividend. This is a positive change from iShares Paris-Aligned Climate MSCI USA ETF’s previous quarterly dividend of $0.1606. This represents a $0.77 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, September 15th.

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.