Xtrackers MSCI USA Climate Action Equity ETF (NYSEARCA:USCA) Reaches New 52-Week High – Time to Buy?

Xtrackers MSCI USA Climate Action Equity ETF (NYSEARCA:USCA) shares hit a new 52-week high on Thursday . The company traded as high as $42.93 and last traded at $42.93, with a volume of 480127 shares traded. The stock had previously closed at $42.40.

Xtrackers MSCI USA Climate Action Equity ETF Stock Up 1.3%

The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 24.78 and a beta of 1.00. The stock’s fifty day moving average is $40.62 and its two-hundred day moving average is $41.32.

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 bought a new position in shares of Xtrackers MSCI USA Climate Action Equity ETF (NYSEARCA:USCA) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 241,549 shares of the company’s stock, valued at approximately $9,946,000. Flow Traders U.S. LLC owned about 0.31% of Xtrackers MSCI USA Climate Action Equity ETF at the end of the most recent quarter.

About Xtrackers MSCI USA Climate Action Equity ETF

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.