Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) Reaches New 52-Week High – Here’s What Happened

Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) hit a new 52-week high on Thursday . The stock traded as high as $72.81 and last traded at $72.78, with a volume of 1286 shares changing hands. The stock had previously closed at $71.99.

Xtrackers MSCI USA Selection Equity ETF Trading Up 0.5%

The business’s fifty day simple moving average is $69.36 and its 200 day simple moving average is $66.14. The stock has a market cap of $594.36 million, a price-to-earnings ratio of 26.55 and a beta of 1.04.

Hedge Funds Weigh In On Xtrackers MSCI USA Selection Equity ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its position in shares of Xtrackers MSCI USA Selection Equity ETF by 96.9% during the second quarter. JPMorgan Chase & Co. now owns 12,275 shares of the company’s stock worth $698,000 after purchasing an additional 6,041 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Xtrackers MSCI USA Selection Equity ETF in the 2nd quarter valued at $230,000. Sunbelt Securities Inc. bought a new stake in shares of Xtrackers MSCI USA Selection Equity ETF in the 3rd quarter valued at $199,000. Millstone Evans Group LLC bought a new stake in shares of Xtrackers MSCI USA Selection Equity ETF in the 4th quarter valued at $65,000. Finally, Cornerstone Planning Group LLC acquired a new stake in Xtrackers MSCI USA Selection Equity ETF during the 1st quarter worth $33,000.

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.