iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Hits New 1-Year High – Should You Buy?

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $76.30 and last traded at $76.04, with a volume of 1808 shares. The stock had previously closed at $76.02.

iShares Paris-Aligned Climate MSCI USA ETF Stock Performance

The company’s fifty day moving average price is $69.89 and its 200-day moving average price is $71.31. The stock has a market cap of $2.41 billion, a P/E ratio of 32.18 and a beta of 1.05.

iShares Paris-Aligned Climate MSCI USA ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were issued a $0.1402 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, March 17th.

Institutional Investors Weigh In On iShares Paris-Aligned Climate MSCI USA ETF

A hedge fund recently bought a new stake in iShares Paris-Aligned Climate MSCI USA ETF stock. JPMorgan Chase & Co. acquired a new stake in shares of iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 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.