iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Sets New 12-Month High – Here’s Why

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU)’s stock price hit a new 52-week high on Friday . The stock traded as high as $77.73 and last traded at $77.73, with a volume of 333 shares changing hands. The stock had previously closed at $77.05.

iShares Paris-Aligned Climate MSCI USA ETF Stock Performance

The company has a 50-day simple moving average of $71.06 and a 200 day simple moving average of $71.47. The company has a market capitalization of $2.45 billion, a P/E ratio of 32.18 and a beta of 1.05.

iShares Paris-Aligned Climate MSCI USA ETF Cuts Dividend

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

Hedge Funds Weigh In On iShares Paris-Aligned Climate MSCI USA ETF

An institutional investor recently bought a new position 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) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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.