Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) Hits New 52-Week High – Should You Buy?

Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $66.33 and last traded at $66.29, with a volume of 24575 shares. The stock had previously closed at $65.84.

Xtrackers MSCI USA Selection Equity ETF Stock Performance

The stock has a market cap of $547.60 million, a P/E ratio of 26.55 and a beta of 1.03. The company’s 50 day moving average price is $62.43 and its 200-day moving average price is $63.05.

Hedge Funds Weigh In On Xtrackers MSCI USA Selection Equity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of USSG. Flow Traders U.S. LLC purchased a new position in shares of Xtrackers MSCI USA Selection Equity ETF in the 3rd quarter worth about $6,443,000. Millstone Evans Group LLC purchased a new position in Xtrackers MSCI USA Selection Equity ETF in the fourth quarter valued at approximately $65,000. Sunbelt Securities Inc. purchased a new position in Xtrackers MSCI USA Selection Equity ETF in the third quarter valued at approximately $199,000. Marshall Wace LLP purchased a new position in Xtrackers MSCI USA Selection Equity ETF in the second quarter valued at approximately $230,000. Finally, JPMorgan Chase & Co. lifted its stake in Xtrackers MSCI USA Selection Equity ETF by 96.9% in the second quarter. JPMorgan Chase & Co. now owns 12,275 shares of the company’s stock valued at $698,000 after purchasing an additional 6,041 shares during the last quarter.

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.