iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Hits New 52-Week High – Still a Buy?

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU)’s share price reached a new 52-week high on Tuesday. The company traded as high as $80.79 and last traded at $80.79, with a volume of 33692 shares traded. The stock had previously closed at $79.77.

iShares Paris-Aligned Climate MSCI USA ETF Stock Up 1.3%

The company has a 50-day moving average price of $78.16 and a 200-day moving average price of $75.44. The company has a market capitalization of $2.54 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 declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were issued a dividend of $0.1923 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from iShares Paris-Aligned Climate MSCI USA ETF’s previous quarterly dividend of $0.1606. The ex-dividend date was Tuesday, September 15th.

iShares Paris-Aligned Climate MSCI USA ETF Company Profile

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.